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How much does he need to charge in annual rent

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An investor just purchased an office building for $102,136.83. He knows for certain that he can sell the building for $180,000.00 in 5 years. About how much does he need to charge in annual rent in order to achieve a 12% annual return on the deal? Ignore taxes, etc. (select the best answer)

Reference no: EM132505530

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