You purchase a building for $900,000, collect annual rent (after expenses) of $120,000 and sell the building

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You purchase a building for $900,000, collect annual rent (after expenses) of $120,000 and sell the building for $1,000,000 after three years. What is the annual return on this investment?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:24 AM

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You purchase a building for $900,000, collect annual rent (after expenses) of $120,000 and sell the building

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900000 120000PVAIF 3N I 1000000PVIF 3N I ...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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