Question: please provide an explanation with numbers Problem #2 (19 Points) 2. A person buys a house with a mortgage amount of $258,300. The total annual

please provide an explanation with numbers

Problem #2 (19 Points) 2. A person buys a house with a mortgage amount of $258,300. The total annual homeownership cost is $22,980. The house is financed for 25 years. The house appreciates at 7.2% per year. ACCESS Virtual Learning 2022 a. What is the profit the owner can expect if the house is sold after 20 years? Show your work here

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