You buy an apartment at $500,000 that you expect to rent for $2500 a month and sell
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You buy an apartment at $500,000 that you expect to rent for $2500 a month and sell at $600,000 in 5 years. If the property is fairly valued at purchase now, what is the rate of return that justifies this price?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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