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Elena-2011 [213]
2 years ago
9

Hilary buys a home for $100,000 and puts down 20 percent with an 8 percent mortgage. She sells it after 1 year when the house ha

s declined in value by 4 percent. Ignoring any real estate commissions or mortgage amortization, what has been the rate of return on her investment for the year?
Business
1 answer:
mrs_skeptik [129]2 years ago
8 0
The rate of return on her investment for the year is -40
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