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The price-to-rent ratio ratio is about 37 in New York City. If you rent an apartment for 2000$ a month, how much do you expect it to be worth? If you buy an apartment for 500,000, how much should you rent it?

The price-to-rent ratio ratio is about 37 in New York City. If you rent an apartment for 2000$ a month, how much do you expect it to be worth? If you buy an apartment for 500,000, how much should you rent it?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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The price-to-rent ratio ratio is about 37 in New York City. If you rent an apartment for 2000$ a month, how much do you expect it to be worth? If you buy an apartment for 500,000, how much should you rent it?
Transcribed Image Text:The price-to-rent ratio ratio is about 37 in New York City. If you rent an apartment for 2000$ a month, how much do you expect it to be worth? If you buy an apartment for 500,000, how much should you rent it?
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