Solution-What was his return on investment

What was his return on investment

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Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest-free from his rich father. What was his return on investment? (Enter your answer as a percent rounded to the nearest whole number.)

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What was his return on investment

Reference no: EM132579925

Reference no: EM132579925

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