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26 April, 22:48

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 has 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?

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  1. 27 April, 02:19
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    The rate of return on her investment for the year is - 40
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