An Investor bought a House in Cedar Rapids priced at $360,000 on a 100% loan....
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An Investor bought a House in Cedar Rapids priced at $360,000 on a 100% loan. He made monthly mortgage payments of $1000 towards his loan and sold his House after 10 years for $400,000. He had a loan balance of $200,000 that he repaid at the end of 10 years. What was the return the Investor earned through this investment? (State your answer rounded to 2 decimals)
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