Safari File Edit View History Bookmarks Window Help . . 0 $ 2 ()) 21% Fri 10:58 PM Amanda Sawah Q MyHarper | Students ezto.mheducation.com Bb Thread: Discussion Board 6 - MGT150 W70 - BUSINESS. Chapter 16 Assignment i M Question 9 - Chapter 16 Assignment - Connect G At age 32, you have assets of $280,145 and liabilities Saved Help Save & Exit Submit Check my work On January 1, Pete Rowe bought a ski chalet for $53,500. Pete is renting the chalet for $60 per night. He estimates he can rent the chalet for 180 nights. Pete's mortgage for principal and interest is $453 per month. Real estate tax on the chalet is $550 per year. Pete estimates that his heating bill will run $50 per month. He expects his monthly electrical bill to be $25 per month. He pays $10 per 5.6 month for cable television. points a. What is Pete's return on the initial investment for this year? (Round your answer to the nearest tenth percent.) eBook Pete's return Print References b. Assume rentals drop by 25% and monthly bills for heat and electricity drop by 10% each month. What would be Pete's return on initial investment? (Round your answer to the nearest tenth percent.) Pete's return Next > 9 of 9