An investor is planning to borrow 75% of the value of the property whilst required to cover buying costs of 5% of the pr

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answerhappygod
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An investor is planning to borrow 75% of the value of the property whilst required to cover buying costs of 5% of the pr

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An investor is planning to borrow 75% of the value of theproperty whilst required to cover buying costs of 5% of the price.If the property value is $200,000. How much is the amount of equityrequired in order to purchase this property?
$50,000
$55,000
$60,000
$70,000
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