Question: Jackie Meridee borrows $ 4 0 0 , 0 0 0 and acquires an income producing property for $ 4 0 0 , 0 0
Jackie Meridee borrows $ and acquires an income producing property for $ She subsequently sells the property for $ and, without repaying the funds borrowed to acquire the first property, uses the proceeds to acquire two other properties. The cost of property A is $ while the cost of property B is $ How will the $ of borrowing be linked to the two new properties?
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