Multiple Choice
Suppose you pay $100,000 for a property today. The property appreciates 8% in the first year, and 12% in the second year. The third year yield was 7%. What was the income generated by the property in year 3?
A) $7,000
B) $8,000
C) $8,467
D) $29,427
E) Cannot be computed from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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