MGMT 640 – London purchased a piece of real estate last year for $85,100

MGMT 640 – London purchased a piece of real estate last year for $85,100

MGMT 640 – London purchased a piece of real estate last year for $85,100
Question
London purchased a piece of real estate last year for $85,100. The real estate is now worth $101,200. If London needs to have a total return of 0.23 during the year, then what is the dollar amount of income that she needed to have to reach her objective?

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