Real Estate Math
An investor in Nevada earns $28,000 annually on a property they purchased for $350,000. After 5 years they sell for $420,000. What is the total return including both income and appreciation?
A$210,000✓ Correct
B$200,000
C$178,500
D$220,000
Explanation
Income = $28,000 x 5 = $140,000. Appreciation = $420,000 – $350,000 = $70,000. Total return = $140,000 + $70,000 = $210,000.
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