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  3. an investor buys a property for $666,000 with a 25

An investor buys a property for $666,000 with a 25-year mortgage and monthly payments at...

80.2K

Verified Solution

Question

Finance

An investor buys a property for

$666,000

with a 25-year mortgage and monthly payments at

6.5%

APR. After 18 months the investor resells the property for

$727,140.

How much cash will the investor have made from the sale, once the mortgage is paid off?

Answer & Explanation Solved by verified expert
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