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Dave bought a rental property for $210,000 cash. One year later, he sold it for $200,000. Suppose Dave invested only $60,000 of his own money
Dave bought a rental property for $210,000 cash. One year later, he sold it for $200,000. Suppose Dave invested only $60,000 of his own money and borrowed $150,000 interest-free from his rich father. What was his return on investment?
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