Mary purchased a home for $200,000. By living in the home, she saved $18,000 annually because she
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Mary purchased a home for $200,000. By living in the home, she saved $18,000 annually because she did not have to pay rent. She had to pay $3000 annually for upkeep of the home. By the end of the first year, the home price had appreciated to $210,000. What was her return for the first year (considering assumed rents)?
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Recall the return on house for the period 2...View the full answer
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