An investor buys a property for $635,000 with a 25-year mortgage and monthly payments at...
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An investor buys a property for $635,000 with a 25-year mortgage and monthly payments at 8.7% APR. After 18 months the investor resells the property for $698,430. How much cash will the investor have made from the sale, once the mortgage is paid off? A. $59,865 B. $74,832 C. $149,663 D. $104,764 X i Instructor Tip You may assume that the compounding frequency of the provided APR is monthly
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