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Category > Computer Science Posted 04 May 2017 My Price 6.00

Clarisa an engineering manager wants to purchase

Clarisa, an engineering manager, wants to purchase a resort accommodation to rent to skiers. She is considering the purchase of a three- bedroom lodge in upper Montana that will cost $250,000. The property in the area is rapidly appreciating in value because people anxious to get away from urban developments are bidding up the prices. If

Clarisa spends an average of $500 per month for utilities and the investment increases at a rate of 2% per month, how long would it be before she could sell the property for $100,000 more than she has invested in it?

 

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Alpha Geek
(8)
Status NEW Posted 04 May 2017 09:05 AM My Price 6.00

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file 1493890678-Answer.docx preview (122 words )
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