Dave bought a rental property for $520,000 cash. One year later,
he sold it for $525,000. Suppose Dave invested only $70,000 of his
own money and borrowed $450,000 interest-free from his rich father.
What was his return on investment? (Negative amount
should be indicated by a minus sign. Enter your answer as a percent
rounded to 2 decimal places.)
Dave bought a rental property for $520,000 cash. One year later, he sold it for $525,000. Suppose Dave invested only $70
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answerhappygod
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Dave bought a rental property for $520,000 cash. One year later, he sold it for $525,000. Suppose Dave invested only $70
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