Question

You own a house that you rent for $1,400 per month. The maintenance expenses on the house average $260 per month. The house c
Ο. $228,000 Ο $231,000 Ο $253,000 Ο Ο $232760
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Answer #1

Value placed should be equal to the opportunity cost of house

= Current value – Real estate fees

= 253,000-20,240

=$232,760

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