Naomi walker made a cash investment of 46000 to buy a house, Ask an Expert

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Naomi Walker made a cash investment of $46,000 to buy a house to rent out. She would like to make 11% return on her investment. She estimates her annual expenses of owning the house to be $8, 125.

a. What dollar amount would Naomi like to receive as a return on her investment? Answer: _____

b. What annual amount of rent will she have to charge? Answer: _____

c. What monthly amount of rent will she have to charge? Answer: _____

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92378325

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