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Dave bought a rental property for $800,000 cash. One year later,he sold it for $820,000. Suppose Dave invested only $76,000 of hisown money and borrowed

Dave bought a rental property for $800,000 cash. One year later,he sold it for $820,000. Suppose Dave invested only $76,000 of hisown money and borrowed $724,000 interest-free from his rich father. 2 answers

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