An investor buys a property for $622,000 with a 25-year mortgage and monthly payments at 7.6% APR.

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An investor buys a property for $622,000 with a 25-year mortgage and monthly payments at 7.6% APR. After18 months the investor resells the property for $681,790.

How much cash will the investor have made from thesale, once the mortgage is paid off?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Posted Date: May 06, 2023 07:30 AM

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An investor buys a property for $622,000 with a 25-year mortgage and monthly payments at 7.6% APR.

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First lets calculate the monthly payment for the 25year mortgage n 25 x 12 300 total number ... View the full answer

Bond Markets Analysis and Strategies

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