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You just purchased a rental property for $150,000. You expect that you can net $800/month for the next five years. In five years you plan
You just purchased a rental property for $150,000. You expect that you can net $800/month for the next five years. In five years you plan to sell the property. The interest rate is 3%APR The sales price you must receive in five years to break even on this deal is closest to what value? a. $240,000 b. $200,000 c. $280,000 d. $320,000 e. $360,000 Clear my choice
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