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


Answer: C

Business

You might also like to view...

What is the unit product cost using variable costing?

Aqua Primavera, Inc. has provided the following information for the year.

A) $55
B) $105
C) $125
D) $168

Business

What are the differences between the "act utilitarianism" and "rule utilitarianism" theories of ethical thought?

What will be an ideal response?

Business

The two most basic inventory questions answered by the typical inventory model are:

A) timing of orders and cost of orders. B) order quantity and cost of orders. C) timing of orders and order quantity. D) order quantity and service level. E) ordering cost and carrying cost.

Business

What is the average number of customers waiting in each line and being checked out?

The local grocery store consists of two cashiers. The customers arrive at the checkout according to the Poisson distribution and the service times are based on negative exponential distribution. The average customer service time is 4 minutes and the average time between the arrivals of successive customers is 3 minutes. Assume that customers equally divide themselves between the two cashiers.

Business