Real Estate Math
A Maryland investment property is purchased for $500,000. The investor expects a 5% annual return. What is the required annual income?
A$5,000
B$25,000✓ Correct
C$50,000
D$100,000
Explanation
Required income = $500,000 × 5% = $25,000 per year. To solve this, multiply the relevant values: $500,000 at 5%..
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