Suppose Shaan invested just $10,000 of his own money and had a $90,000 mortgage with an interest

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Suppose Shaan invested just $10,000 of his own money and had a $90,000 mortgage with an interest rate of 8.5 percent. After three years he sold the property for $120,000.

a. What is his gross profit?

b. What is his net profit/loss?

c. What is the rate of return on investment?

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Personal Finance

ISBN: 978-0077861643

11th edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

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Question Posted: Sep 15, 2017 12:30 PM

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Suppose Shaan invested just $10,000 of his own money and had a $90,000 mortgage with an interest

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a Shaans Gross Profit Selling Price Purchase Price 12000...View the full answer

Personal Finance

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