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Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $ 3 0 0 , 0 0
Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $ with a assessment rate. Art feels that his return should be per month on his investment after all expenses. The tax rate is $ per $ Art estimates it will cost $ per month to cover general repairs, insurance, and so on He pays a $ condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art. Round your intermediate calculations and final answer to the nearest cent.
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