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Down payment and paid for taxes

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You purchased a house for $100,000 cash and you sold it in one year for $125,000. You had to pay $5,000 in taxes and repairs before you sold it. What is your ROI? If you financed $80,000 with a bank and only used $20,000 for a down payment and paid for taxes, repairs, and interest expense of $4,000, what would your ROI be?

Reference no: EM131226774

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