Ronda wants to buy a new house. She makes S200,000 per year at her job and can put S70.000 a year into the house. She buys a $130,000 house. What is her ROI after 3 years?

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
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
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Ronda wants to buy a new house. She makes S200,000 per year at her job and can put S70,000 a
year into the house. She buys a $130,000 house. What is her ROl after 3 years?
Transcribed Image Text:Ronda wants to buy a new house. She makes S200,000 per year at her job and can put S70,000 a year into the house. She buys a $130,000 house. What is her ROl after 3 years?
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