Real Estate Math
A Utah investor purchases a property for $750,000 with $225,000 down. After 3 years, it sells for $900,000 (no mortgage paydown assumed). What is the investor's equity gain?
A$150,000✓ Correct
B$375,000
C$225,000
D$675,000
Explanation
Equity at purchase = $225,000. Sale price = $900,000.
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