John bought an old house in 2021, he spent 3 months to renovate and rented for 9 months before he sold it. Given the numbers below, calculate John's return on investment as a percent (ignore the interest rates and other fees related to the transactions). Purchase Cost Renovation money spent not including ROI= taxes Monthly Rental Sale Price Answer: $95,000 $25,000 $1,400 $165,000 000+$25,000 money earned 120,000 ста

John bought an old house in 2021, he spent 3 months to renovate and rented for 9 months before he sold it. Given the numbers below, calculate John's return on investment as a percent (ignore the interest rates and other fees related to the transactions). Purchase Cost Renovation money spent not including ROI= taxes Monthly Rental Sale Price Answer: $95,000 $25,000 $1,400 $165,000 000+$25,000 money earned 120,000 ста

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter5: Making Automobile And Housing Decisions

Section: Chapter Questions

Problem 8FPE

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