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Suppose Shaan invested just $11,400 of his own money and had a $102,600 mortgage with an interest rate of 8.5 percent. After three years, he
Suppose Shaan invested just $11,400 of his own money and had a $102,600 mortgage with an interest rate of 8.5 percent. After three years, he sold the property for $136,800. a. What is his gross profit? b. What is his net profit or loss? Note: Negative amount should be indicated by a minus sign. c. What is the rate of return on investment? Note: Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 1 decimal place
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