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Recover the purchase price

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The property at Carlingford sold in December 2012 at $755,000 and was then rented out at $450/wk. The same property sold again in Feb 2014 at $1,220,000. It is now rented out at $500/wk.

1. How many years will it take to recover the purchase price at the rent in Dec 2012 and Feb 2014?

Reference no: EM133307337

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