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Maureen Left Her Teaching Job, Which Paid $30,000 Per Year

Question 159

Multiple Choice

Maureen left her teaching job, which paid $30,000 per year, and invested $20,000 of her retirement fund (which was earning 10 percent interest) in a new real estate business.Her accountant predicted a $60,000 revenue the first year.Her husband, an economist, forecast her profit to be


A) $10,000.
B) $28,000.
C) $32,000.
D) $60,000.

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