Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gene borrowed $35,000 to make a $90,000 real estate investment. He later sold the real estate making a $15,000 profit. What was his total return

Gene borrowed $35,000 to make a $90,000 real estate investment. He later sold the real estate making a $15,000 profit. What was his total return on this investment a. 43% b. 15% c. 34% d. 27%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Health Care Finance

Authors: William O. Cleverley, James O. Cleverley, Paula H. Song

7th Edition

0763789291, 978-0763789299

More Books

Students also viewed these Finance questions

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago

Question

Describe sources of ethical guidance.

Answered: 1 week ago