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Carl owns two pieces of real estate. One is an oil field in Texas and the other is a downtown Chicago office building in

Carl owns two pieces of real estate. One is an oil field in Texas and the other is a downtown Chicago office Jared just paid $500,000 for a real estate investment. The following table shows the range of monthly rent he

Carl owns two pieces of real estate. One is an oil field in Texas and the other is a downtown Chicago office building in which he leases space to several tenants. Which property is primarily an investment? O The oil field in Texas O The office building in Chicago O Both of these ONeither of these Jared just paid $500,000 for a real estate investment. The following table shows the range of monthly rent he believes he can receive. Complete the following table: Property Purchase price Monthly rent #1 #2 #3 $500,000 500,000 500,000 $2,800 3,400 4,800 Annual rent $ Price-to-rent ratio

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