Question
Larry and John purchased a warehouse property for $802,000 that they are going to lease to several businesses, including a computer repair business. The property
Larry and John purchased a warehouse property for
$802,000
that they are going to lease to several businesses, including a computer repair business. The property provides a net income of
$2400
at the beginning of every month. What is the
monthly
compounded annual yield earned by the property?
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Personal Finance
Authors: Jack R Kapoor, Glencoe McGraw Hill, Les R Dlabay, Robert J Hughes
1st Edition
0078698006, 9780078698002
