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How much did spend in renovating the house

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Problem 1: You, a finance graduate, bought a run-down house for $450,000, renovated it and then you place the house in the market for sale. You find that the market value of your renovated house is $600,000. You also find that renovation added $75,000 value to your house. How much did you spend in renovating the house?

Reference no: EM132940098

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