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You purchased a rental property for $172,500 at the beginning of last year. The net...

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You purchased a rental property for $172,500 at the beginning of last year. The net rental income for the year was $12,615. The value of the property increased to $183,000 by the end of that year. If you paid cash for the property (no mortgage), what is your return on investment for the first year? (Round answer to 1 decimal place, eg. 52,5)

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