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You buy a property for $640,000 with a 25-year mortgage and monthly payments are at 8% APR. After 18 months, you resell the property for
You buy a property for $640,000 with a 25-year mortgage and monthly payments are at 8% APR. After 18 months, you resell the property for $712,000. How much cash will you have made from the sale, once the mortgage is paid off?
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