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Joan purchases a building for $206,000, free and clear. She desires a 12% return on her investment. What net annual income must be generated by

Joan purchases a building for $206,000, free and clear. She desires a 12% return on her investment. What net annual income must be generated by the building to meet this requirement? a) $24,620 b) $24,820 c) $24,720 d) $24,520

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