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1 April, 16:28

Hilary buys a home for $100,000 and puts down 20 percent with a 4 percent mortgage. she sells it after 1 year when the house has declined in value by 5 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. 1 April, 17:18
    0
    Hilary buys a home for $100,000 and puts down 20 percent with a 5 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?

    -40 (If 4% mortgage, - 36 percent)
  2. 1 April, 19:56
    0
    -36 percent
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