Question
ONLY ANSWER IF YOU WILL ANSWER ALL THE QUESTIONS!! Missy bought an apartment building two years ago. Under her management, monthly income from the apartment
ONLY ANSWER IF YOU WILL ANSWER ALL THE QUESTIONS!!
Missy bought an apartment building two years ago. Under her management, monthly income from the apartment has gone up from $4,500 to $6,300. What was the percentage of increase?
Group of answer choices
a. 71%
b. 35%
c. 40%
d. 120%
Dilbert purchased a property for $200,000, paying 25% in cash and obtaining a purchase money loan for 75% of the purchase price. After 10 years, the property had doubled in value. Disregarding any equity build-up on the purchase money loan, what was Dilberts initial investment now worth?
Group of answer choices
a. $120,000
b. $250,000
c. $100,000
d. $200,000
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