Multiple Choice
Suppose you purchase a new home for $150 000,making a down payment of 10% 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 decreases by 20%?
A) -10%
B) -30%
C) -50%
D) -200%
Correct Answer:
Verified
Correct Answer:
Verified
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