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A property is purchased for $800,000 and after 3 years its value has increased to $900,000. The investor purchased it using a $600,000 interest only

A property is purchased for $800,000 and after 3 years its value has increased to $900,000. The investor purchased it using a $600,000 interest only loan with a 5.0% annual interest rate. What is the Year 3 Return on Equity (ROE) if Unlevered Cash Flows in that year are $60,000?

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