A business property valued at $1,000,000 should return a monthly income of what amount if the annual investment income represents 16% on the total earnings yearly?
Take your time. The answer is posted below the wildlife photogtraph.
A. $13,333.33 monthly income.
Multiply 16% times 1,000,000 to get the yearly income amount of $160,000 and divide that nimner by 12 or twelve months and we see that we get a total monthly income of $13,333.33.
Comments (0)Subscribe to CommentsComment