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QUESTION
London purchased a piece of real estate last year for $84,200. The real estate is now worth $101,400. If London needs to have a total return of 0.
London purchased a piece of real estate last year for $84,200. The real estate is now worth $101,400. If London needs to have a total return of 0.22 during the year, then what is the dollar amount of income that she needed to have to reach her objective?
