What is the return from this investment

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Reference no: EM13806146

A parent decides to buy a two bedroom condo for $65,000 by putting 10% down and financing the rest for 15 years at an annual rate of 3.5%. What is the monthly payment? One bedroom is rented out to a roommate for $400 a month (payment received at the end of month). After 4 years, the parents sell the condo for $67,000 what is the return from this investment?

Reference no: EM13806146

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