Multiple Choice
Suppose you purchase a new home for $250 000,making a down payment of 25% and taking out a mortgage on the balance.What is the return on your investment in your home if one year later the price of your home increases by 30%?
A) 27.5%
B) 41.7%
C) 83.3%
D) 120%
Correct Answer:
Verified
Correct Answer:
Verified
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