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If Nadine in Example 1 desired a 15 annual yield rather than the 11 09...

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Algebra

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If Nadine in Example 1 desired a 15 annual yield rather than the 11 09 she is now getting what monthly rent would she have to charge Step 1 Find the desired annual net income Desired Annual Yield X Cash Investment 15 X 27 500 Step 2 Find the monthly rent 4 125 Desired Annual Net Income Annual Expenses 12 10 615 12 4 125 6 490 884 58 12 Nadine would have to charge monthly rent of 884 58 to earn an annual yield of 15 Concept CHECK Complete the problems Check your answers in the back of the book 3 If Bev Ray in Problem 1 wanted an annual yield of 25 what monthly rent would she have to charge 4 If Bev Ray in Problem 1 wanted an annual yield of 20 what monthly rent would she have to charge

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