Question
Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. A- What was the return on his $200,000 investment?
Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000.
A- What was the return on his $200,000 investment?
B- Suppose Dave invested only $20,000 of his own money and borrowed $180,000 (interest free from his rich father). What was his return on investment?
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
