Calculating Real Estate Profit for desired Return
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Kevin wants a return of 50% from his one-year investment in real estate. He believes that he can sell the property at the end of the year for $250,000 and that the property will provide him with income of $50,000. What is the maximum amount that Kevin should be willing to pay for the property?
a. $125,000
b. $150,000
c. $200,000
d. $250,000
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Solution Summary
Two, typical definitions that lead to the desired return on investment (ROI)
Explanation is in the attached documents. All three are the same: two versions of Word and one in PDF
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