An investor bought a place that has a net income of 85 thousand dollars a year.
How much would he have paid for the property if he wanted to realize an 8 percent return on the investment ?
The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your way to the bottom. It helps to keep your math skills sharp. Hope you have a fine week ahead.
Divide $85,000 by .08 to get $1,062,500
See ya' later gator !
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