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QUESTION 2 An Investor bought a House in Cedar Rapids priced at $ 3 6 0 , 0 0 0 on a 1 0 0

QUESTION 2
An Investor bought a House in Cedar Rapids priced at $360,000 on a 100% loan. He made monthly mortgage payments of
$1000 towards his loan and sold his House after 10 years for $400,000. He had a loan balance of $200,000 that he repaid at
the end of 10 years. What was the return the Investor earned through this investment? (State your answer rounded to 2
decimals)
The answer isn't 22.22%. Already tried that
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