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You are trying to determine if purchasing your first home for $400,000 is a sound investment. The bank offered 95% LTV and you are required

You are trying to determine if purchasing your first home for $400,000 is a sound investment. The bank offered 95% LTV and you are required to cover the remaining 5% of the purchase price. If you decided not to purchase the home and instead invested your portion of the purchase price at 12% for 8 years, how much would you have?

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