Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an investor buys a property for $645,000 with a 25

An investor buys a property for $645,000 with a 25-year mortgage and monthly payments at...

50.1K

Verified Solution

Question

Finance

image

An investor buys a property for $645,000 with a 25-year mortgage and monthly payments at 8% APR. After 18 months the investor resells the property for $707,924. How much cash will the investor have made from the sale, once the mortgage is paid off? A. $106,189 B. $60,679 O C. $151,698 OD. $75,849

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Each year, ratings are compiled concerning the performance of new cars during the firs 90 days...

Statistics
Q

GfK, a European custom marketing research company, conducted a two-year, two-part study to determine the new...

General Management
Q

A charged particle enters a uniform magnetic field with a velocity v at right angles...

Physics
Q

17 Which of the following substances can be used to neutralize HF OA HF OB...

Basic Math
Q

2 Which elements were formed during the Big Bang and how was it possible for...

Algebra
Q

13 Solve 3x 8x 3 5x 6 0 Identify all the correct solutions roots More...

Algebra
Q

Lacrue Inc. has provided the following data concerning one of the products in its standard...

Accounting
Q

1. Precious Stores has the following information available for 2017 when Precious sold 65 units...

Accounting
Q

About your income statement, cash flow, and balance sheet Income statement, cash flow and balance...

Accounting
Q

Pond Scum Creamery sold ice cream equipment for $18,000. Pond Scum originally purchased the equipment...

Accounting
Q

Financial professionals are skilled in financial analysis. However, most are not skilled in manufacturing. To...

Accounting
Q

Tyrell Company entered into the following transactions involving short-term liabilities. Year 1 ...

Accounting