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Business, 24.06.2019 10:00 oddoneshenchman

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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