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Felice bought a duplex apartment at a cost of $205,000. Her mortgage payments on the property are $1,630 per month, $749 of which can be
Felice bought a duplex apartment at a cost of $205,000. Her mortgage payments on the property are $1,630 per month, $749 of which can be deducted from her income taxes. Her real estate taxes total $2,016 per year, and insurance costs $1,176 per year. She estimates that she will spend $1,422 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What must she charge to make $2,150 in profit each year?
A) $1,156.08.
B) $892.17.
C) $1,027.67.
D) $942.17.
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