Problem
Determine the breakeven resale price 10 years from now of an apartment house that can be bought today for $449,000. Its annual net income is $54,000. The owner wants a 10% annual return on her investment. Contributed by D. P. Loucks, Cornell University.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.