Suppose you buy a house for $150,000. One year later, the market price of the house has

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Suppose you buy a house for $150,000. One year later, the market price of the house has risen to $165,000. What is the return on your investment in the house if you made a down payment of 20 percent and took out a mortgage loan for the other 80 percent? What if you made a down payment of 5 percent and borrowed the other 95 percent? Be sure to show your calculations in your answer.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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