What is the return from the investment

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A parent decides to buy a two bedroom condo for 65,000 by putting 10% down and financing the rest for 15 years at an annual rate of 3.5%. What is the monthly payment? One bedroom rented out to a roomTe for $400 a month. After 4 years, the parent Ella the condo for 67,000, what is the return from the investment

Reference no: EM13806143

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