You purchased a property for $1.5 million. The property earned $65,000 in year 1, $85,000 in year

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You purchased a property for $1.5 million. The property earned $65,000 in year 1, $85,000 in year 2 and $92,000 in year 3. You sold the property at the end of year three for $1.7 million. What is the yield on the property?

Please do this in excel, thank you!

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 29, 2023 02:44 AM

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You purchased a property for $1.5 million. The property earned $65,000 in year 1, $85,000 in year

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Income Tax Fundamentals 2013

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