Return on equity you are interested in selling

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Reference no: EM131942804

Today, you buy a $5,000,000 property with a 20% down payment. You get a 15 year fully amortizing loan at 4%. In three years, you receive an offer to sell the house for $5,150,000. If you can earn at least a 25% return on equity you are interested in selling. Given this information, should you sell the property? Select "true" for yes or "false" for no.

Reference no: EM131942804

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