I invested $800,000 in a cattle ranch and I sold that ranch for $2,500,000 ten years...
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I invested $800,000 in a cattle ranch and I sold that ranch for $2,500,000 ten years later. What was my annual percentage rate return? How much can I borrow for the purchase of my first home if I can afford to make monthly payments of $500, and the annual interest rate is 6 percent on a 30-year mortgage? I invested $800,000 in a cattle ranch and I sold that ranch for $2,500,000 ten years later. What was my annual percentage rate return? How much can I borrow for the purchase of my first home if I can afford to make monthly payments of $500, and the annual interest rate is 6 percent on a 30-year mortgage?
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a To calculate your annual percentage rate return you would divide y... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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