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Dain and Sheryl's home sold for $751,150. They owe $657,900 on their mortgage. What will their net b...
4 months ago
Q:
Dain and Sheryl's home sold for $751,150. They owe $657,900 on their mortgage. What will their net be after they pay $24,500 in expenses and a 6.8% commission?
Accepted Solution
A:
$751,150 -6.8%*751,150 -657,900 -24,500 = $17,671.80
Their net profit is $17,671.80.