The annual earnings of a rental apartment are expected to be $12,000 and the cost of the
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The annual earnings of a rental apartment are expected to be $12,000 and the cost of the apartment is $175,000. What is the expected rate of return on this investment? Would you invest in this apartment if the interest rate on the loan to buy the apartment was 8%? Why or why not? (4 points)
Related Book For
Multinational Finance Evaluating Opportunities Costs and Risks of Operations
ISBN: 978-1118270127
5th edition
Authors: Kirt C. Butler
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