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December 20, 2014

Homework Help: Real Estate

Posted by Shayla on Wednesday, December 22, 2010 at 10:52pm.

A couple bought a home and financed $60,000 at 13.5%. Three months later they were transferred and carried back a land contract for $72,000 at 14.5%. What was their effective yield on the $12,000 investment?

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