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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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