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A house was bought for $300,000 with a mortgage of $240,000. The interest rate is 2.8%...

A house was bought for $300,000 with a mortgage of $240,000. The interest rate is 2.8% and the term is 20 years (paid monthly). If the house appreciates at 2% per year and the selling fees are about 8%, what is the reversion to the homeowner who has occupied the property at the end of year 12?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago
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