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Question 1: Jimmy has fallen on hard times recently. Last year he borrowed ( $ 250,000 ) and added an additional ( $ 50,000 )

Question 1: Jimmy has fallen on hard times recently. Last year he borrowed \( \$ 250,000 \) and added an additional \( \$ 50,000 \) of his own funds to purchase \( \$ 300,000 \) of undeveloped real estate. This y 0 answers

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