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?

No one has answered this question yet.

Answer this Question

Related Questions

Math - The morrison family bought a car for $22,000 which was financed at $600 ...
math - vivian sold her home through a real estate company. Vivial recieved $140,...
Math - You wish to purchase a house for $200,000 with 20% down. You will have it...
Acc/Federal Taxxtion - During the current year, Deborah Baronne, a single ...
Math - a real estate broker earns a salary of & 21,000 plus 2.5% of the ...
math - I am answering questions concerning equity, the problem is a story ...
personal finance - If you want a risk-proof real estate investment, invest in: A...
business law - 1. Meyer, after seeing a sign on Chosnyka's land reading &...
Business math - The Morrison family bought a car for $22,000 was which was ...
algebra1 - A real estate agent received a 4% commission on the sale of a home. ...

For Further Reading

First Name:
School Subject:
Answer: