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A speculator in land and property pays $14,000 for a house that he expects to hold for ten years. $1000 is spent in renovation and

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A speculator in land and property pays $14,000 for a house that he expects to hold for ten years. $1000 is spent in renovation and a monthly rent of $75 is collected from the tenants who live in the house. (Assume all rent is paid at the end of the year.) Taxes are $150 per year and maintenance costs are $250 per year. What must the sales price be in ten years to realize a 10% return on investment

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