If a Property Had a Net Operating Income of $24,000

question 5

Multiple Choice

If a property had a net operating income of $24,000 and the investor wanted an 8% return, how much should he offer for the property?

• A) $240,000
• B) $250,000
• C) $300,000
• D) none of the above

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Definitions:

Fear Of All Dogs

A phobia characterized by an intense and irrational fear of dogs, affecting a person's ability to interact with or confront dogs in any situation.

Attacked

To be aggressively approached or assaulted, either physically or verbally.

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.

Panic Attack

A sudden episode of intense fear or anxiety, accompanied by physical symptoms such as heart palpitations, shortness of breath, dizziness, or abdominal distress.