1 denis is planning to buy a duplex at a price of 375000, Ask an Expert

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1. Denis is planning to buy a Duplex at a price of $ 375,000 by financing it with loan to value ratio of 75% for 30 years at fixed mortgage rate of 6.5%. Prices of the Real Estate properties are predicted to increase each by 5% for indefinite period. Should Denise decide to buy this Duplex right, his Equity, at the end of three years, would be:

A-$103,827

B-$162,196

C-$163,873

2. A homeowner just sold his/her home and after paying a 5% commission, the homeowner netted $ 250,000. This means the home was sold at a price of:

A- $263,158

B- $263,500

C- $262,158

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93052007

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