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Dave bought a rental property for $675,000 cash. One year later, he sold it for $700,000. What was the return on his $675,000 investment? (Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places.)

Respuesta :

The return on his $675,000 investment is 3.57%.

Given that, Dave bought a rental property for $675,000 cash. One year later, he sold it for $700,000.

We need to find the what was the return on his $675,000 investment.

What is the return on investment?

Return on investment or return on costs is a ratio between net income and investment.

Now, return=700,000-675,000=$25000

Return in percentage=25000/700000×100=3.571%

=3.57%

Therefore, the return on his $675,000 investment is 3.57%.

To learn more about return on investment visit:

https://brainly.com/question/13575981.

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