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Tammy Faye requires a 12% before-tax return on her real estate investments. If she invests $78,000 cash to buy a rental town home that has

Tammy Faye requires a 12% before-tax return on her real estate investments. If she invests $78,000 cash to buy a rental town home that has $120 per month in taxes, insurance and maintenance, and if she can sell the property in 5 years for $88,000, how much monthly rent must she charge to reach her target rate of return

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