Consider purchasing a home for 300,000 and the cost of maintaining the property totals $15,000 a year
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Question:
Consider purchasing a home for 300,000 and the cost of maintaining the property totals $15,000 a year and I can make $25,000 a year in revenue if I put the house on a short term rental agreement.
If deciding between purchasing the home or investing 300,000 in an interest bearing account, what would the interest rate have to equal for me to maximize my own net income?
How would you calculate this?
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