Its annual net income is 54000 the owner wants a 10 annual, Business Economics

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Its annual net income is 54000 the owner wants a 10 annual

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.

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