Determine the breakeven resale price

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Determine the breakeven resale price 15 years from now of an apartment house that can be bought today for $549,000. Its annual net income is $64,000. The owner wants a 10% annual return on her investment.

Reference no: EM13802809

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Determine the breakeven resale price : Determine the breakeven resale price 15 years from now of an apartment house that can be bought today for $549,000. Its annual net income is $64,000. The owner wants a 10% annual return on her investment.

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