An Investor Buys a Property for $608,000 with a 25-Year

question 26

Multiple Choice

An investor buys a property for $608,000 with a 25-year mortgage and monthly payments at 8.10% APR. After 18 months the investor resells the property for $667,525. How much cash will the investor have from the sale, once the mortgage is paid off?

• A) $57,216
• B) $100,129
• C) $71,521
• D) $143,041