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What will be the annual rate of return

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An investment group bought a building with 12 apartments for $872,473. The apartments rent monthly: 3 @ $600, 3 @ $750, 3 @ $800, and 3 penthouses @ $1000. The group has a 7% vacancy rate and expense of $9,490. What will be the annual rate of return on this building?

Reference no: EM131177555

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