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  • 15-05-2024
  • Business
Answered

Jerri buys a home for $100,000 and puts down 20% with a 7% mortgage. She sells it after 1 year when the house has declined in value by 4%.
Ignoring any real estate commissions or mortgage amortization, what has been the rate of return on her investment for the year?
A. -9.6%
B. -4%
C. -3%
D. -48% Jury

Verified Answer :

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