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You have purchased a property that you intend to rent out to people. The mortgage payment is $871/month and the property taxes are about $4,188/year. What is the least amount that you should charge for rent to come out even? Show your work to receive partial credit.

Respuesta :

Since there's 12 months in a year,
[tex]4188 \div 12 \ = 349[/tex]
[tex]349 + 871 = 1220[/tex]

Least amount you should charge for the rent to come out even is $1220.

Hope this helps. - M

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