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Martys new condo cost him $320,000 and he put down 10% and financed the balance in a 30 year fixed mortgage. He recently learned that
- Martys new condo cost him $320,000 and he put down 10% and financed the balance in a 30 year fixed mortgage. He recently learned that he could sell this condo for $385,000. If he does sell and gets his price and his realtor takes the same 5% commission, what would be his ROR if the mortgage payoff figure is $286,500?
- 148%
- 103%
- 93%
- 137%
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