Mathematics, 06.12.2020 01:00 chantihock05

76. A certain investor wants an 11% return on investment from any real estate investment. A property priced at $360,000 has gross income of $60,000 and expenses of $22,000. Approximately how much too high is the price of this
property for the investor to obtain her desired return exactly?
O 1. $ 16,000 underpriced
O 2. $15,000 overpriced
O 3. $1,000 overpriced
4. $8,000 underpriced

Answers: 3

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76. A certain investor wants an 11% return on investment from any real estate investment. A propert...