Explain the dollar amount of income that she needed to have, Accounting Basics

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Explain the dollar amount of income that she needed to have

Babs purchased a piece of real estate last year for $85,000. The real estate is now worth $102,000. If Babs needs to have a total return of 25 percent during the year, then what is the dollar amount of income that she needed to have to reach her objective?

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Accounting Basics: Explain the dollar amount of income that she needed to have

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