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Calculating the profit or loss for a rental property

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Question - Calculating the profit or loss for a rental property: What monthly rent must be charged for each apartment to breakeven. Suppose Shaan invested just $10,000 of his own money and had a $90,000 mortgage with an interest rate of 8.5 percent. After 3 years he sold the property for $120,000.

Reference no: EM132536493

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