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Scenario: Get to $1,000,000 in 20 years
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Present value$145,000Property buying price$555,000
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Future value$620,500Property Selling price$1,000,000
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Years20Gross return$445,000
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rate7.54%Closing cost$80,000
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Gain subjected to tax$365,000
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Tax 30%$109,500
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Outstanding mortgage$190,000
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Net proceed$620,500
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