You have just purchased a house for 400000 paid 24000 for, Ask an Expert

Economics

You have just purchased a house for $400,000, paid $24,000 for legal fees and $17,000 for renovations. The market price of the house does not change. If the sales tax on a house were 3% (to be paid by you if you sell the house), what is the sunk cost of this purchase?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91421628

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