You purchase a mobile home for $3000 and put $1500 in repair costs into the property. You sell it for $12,000 with $1000 down and the balance at 14% amortized over 4 years. What is your yield?
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Answer for 07/29/2013 problem:
(N=27,PV= -78,000,PMT=600,FV=150,000) I=36.33%