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Business, 08.03.2021 21:00 mervindavisk

An apartment building produces an effective annual gross income of $71,820. If the annual operating expenses amount to $36,990 and a prospective investor insists on at least a 12% overall rate of return, what is the maximum amount the investor should pay for the property?

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An apartment building produces an effective annual gross income of $71,820. If the annual operating...
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