Question: For Problems 9 and 10 determine (a) the annual net income and (b) the annual yield, rounded to the nearest hundredth. 9. Mark Shapiro

For Problems 9 and 10 determine (a) the annual net income and

For Problems 9 and 10 determine (a) the annual net income and (b) the annual yield, rounded to the nearest hundredth. 9. Mark Shapiro bought a three-bedroom, two-bath house as a rental property. He paid $219,600 with a $50,000 down payment. The annual expenses totaled $26,475. Mark rented the house for $2,500 per month.

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