A realtor buys a house for $200,000 and spends $1,000 per yr on maintenance for the next

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A realtor buys a house for $200,000 and spends $1,000 per yr on maintenance for the next 8 yr. For how much should she sell the property to make a profit of $40,000? Assume i = 12% per annum.

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Posted Date: Apr 04, 2024 06:05 AM

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A realtor buys a house for $200,000 and spends $1,000 per yr on maintenance for the next

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To calculate the selling price needed to make a profit of 40000 on the property we need to consider ... View the full answer

Macroeconomics

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