Question
You buy a townhouse in Penrith for $850,000 and expect to get a return on investment of 6.5% p.a effective. You sign a contract with
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You buy a townhouse in Penrith for $850,000 and expect to get a return on investment of 6.5% p.a effective. You sign a contract with your tenant for a fixed net rent of $1100 per fortnight in arrear. How many years should you hold the property if you expect to resell it for $950,000? (5 Marks)
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
