Homework answers / question archive / London purchased a piece of real estate last year for $84,900

London purchased a piece of real estate last year for $84,900

Accounting

Share With

London purchased a piece of real estate last year for $84,900. The real estate is now worth $100,900. If London needs to have a total return of 0.24 during the year, then what is the dollar amount of income that she needed to have to reach her objective? Round to two decimal places.