Question
You bought your home seven years ago for $245,000 with a fixed interest rate mortgage loan with an initial balance of $220,000. Assuming you sell
You bought your home seven years ago for $245,000 with a fixed interest rate mortgage loan with an initial balance of $220,000. Assuming you sell your home for $276,000, what do you estimate for the unleveraged before tax IRR? Use annual compounding or discounting to solve this problem.
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Get StartedRecommended Textbook for
Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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