Question
Audra owns a rental house. She makes mortgage payments of $1.410 per month, which include insurance, and pays $2.880 per year in property taxes
Audra owns a rental house. She makes mortgage payments of $1.410 per month, which include insurance, and pays $2.880 per year in property taxes and maintenance. Utilities are paid by the renter. (Ignore any tax effects.) How much should Audra charge for monthly rent to cover her costs?
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Get StartedRecommended Textbook for
Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
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