A house (real estate investment) is purchased for $600,000, 20%
cash down, 80% mortgage financing, 4%...
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A house (real estate investment) is purchased for $600,000, 20%cash down, 80% mortgage financing, 4% interest rate, 30 yearsmonthly. The appreciation in the house is 5%/ year. What is thecompound annual growth rate (CAGR) of the equity in the house?
In problem #1, what is the interest in years 1 through 5?(amort)
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Initial Price of the House 600000 Down Payment 20Mortgage 80 of House Price
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