Francis Bacon and his wife purchased a condominium on the beach for $235,000.
Mathematics, 13.07.2020 19:01 tiannacorreastamas
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Francis Bacon and his wife purchased a condominium on the beach for $235,000.
They made a $40,000 down payment. Their annual expenses were mortgage
interest of $11,700, depreciation of 3% of the purchase price of the house, and
taxes, repairs, and insurance of $15,430. They rented the condo for $3,000 per
month. What is the annual yield?
(A) 1.52%
(C) 3.62%
(B) 2.55%
(D) 4.55%
Answers: 1
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Francis Bacon and his wife purchased a condominium on the beach for $235,000.
Francis Bacon and his wife purchased a condominium on the beach for $235,000.
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