The effective gross income from an office building property is $73,500 and the annual operating expenses total $52,300. If the owner expects to receive an 11% return on his investment, what is the value of the property?

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03-08-2021
Mathematics

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The effective gross income from an office building property is $73,500 and the annual operating expenses total $52,300. If the owner expects to receive an 11% return on his investment, what is the value of the property?

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