Jill purchased a piece of real estate one year ago for $630,000. The real estate is...
Jill purchased a piece of real estate one year ago for $630,000. The real estate is now worth $680,000. If Jill needs to have a total return of 11.1 per cent during the year, then what is the dollar amount of income that she needed to have to reach her objective?
Homework Answers
Dollar Income needed=Beginning Value*(1+total return)-Ending Value=630000*(1+11.1%)-680000=19930.00
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Jill purchased a piece of real estate one year ago for $630,000. The real estate is...
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Jill purchased a piece of real estate one year ago for $610,000. The real estate is now worth $680,000. If Jill needs to have a total return of 11.1 per cent during the year, then what is the dollar amount of income that she needed to have to reach her objective? (to the nearest dollar; don’t use $ sign or commas)
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