Brittany purchased an industrial lot in Sudbury for $1,100,000 and it was assessed at65% of its purchase price. The annual property tax on the lot is 25 mills.a. Calculate the assessed value of the lot.Round to the nearest centb. Calculate the property tax she would have to pay every year.Round to the nearest cent

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Answered: Brittany purchased an industrial lot in…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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