London purchased a piece of real estate

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Reference no: EM131006939

London purchased a piece of real estate last year for $81,400. The real estate is now worth $100,000. If London needs to have a total return of 0.20 during the year, then what is the dollar amount of income that she needed to have to reach her objective?Please provide formula too

Reference no: EM131006939

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London purchased a piece of real estate : London purchased a piece of real estate last year for $81,400. The real estate is now worth $100,000. If London needs to have a total return of 0.20 during the year, then what is the dollar amount of income that she needed to have to reach her obje..

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