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An Investor Buys a Property for $608,000 with a 25-Year

Question 26

Multiple Choice

An investor buys a property for $608,000 with a 25-year mortgage and monthly payments at 8.10% APR. After 18 months the investor resells the property for $667,525. How much cash will the investor have from the sale, once the mortgage is paid off?


A) $57,216
B) $100,129
C) $71,521
D) $143,041

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