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You purchase a house for $800,000 and sell it in the future for $1,000,000. In scenario 1 - you have equity of $400,000 and a
- You purchase a house for $800,000 and sell it in the future for $1,000,000.
- In scenario 1 - you have equity of $400,000 and a $400,000 mortgage.
- In scenario 2 you have equity of $200,000 and a $600,000 mortgage. What is the return on your investment in each scenario?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
