Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Suppose you buy a house for $175,000. One year later, the market price of the house has risen to $195,000.
If you made a down payment of 20 percent and took out a mortgage loan for the other 80 percent, the return on your investment in the house is 57 %. (Enter your response as an integer.)
If you made a down payment of 15 percent and borrowed the other 85 percent, the return on your investment in the house is %. (Enter your response as an integer.)
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Transcribed Image Text:Suppose you buy a house for $175,000. One year later, the market price of the house has risen to $195,000. If you made a down payment of 20 percent and took out a mortgage loan for the other 80 percent, the return on your investment in the house is 57 %. (Enter your response as an integer.) If you made a down payment of 15 percent and borrowed the other 85 percent, the return on your investment in the house is %. (Enter your response as an integer.)
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