What dollar amount would naomi like to receive as a return


Naomi Walker made a cash investment of $46,000 to buy a house to rent out. She would like to make 11% return on her investment. She estimates her annual expenses of owning the house to be $8, 125.

a. What dollar amount would Naomi like to receive as a return on her investment? Answer: _____

b. What annual amount of rent will she have to charge? Answer: _____

c. What monthly amount of rent will she have to charge? Answer: _____

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Financial Management: What dollar amount would naomi like to receive as a return
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