FIN202_-_SP_2024_-_3W_-_FE_1938.webp
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FIN202_-_SP_2024_-_3W_-_FE_1938.webp

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Answer (Choose 1 answer)
Babon purchased a piece of real estate last year for $85,000. The real estate is now worth $102,000. If Babon needs to have a total return of 25 percent during the year, then what is the dollar amount of income that she needed to have to reach her objective?
A. $4,250
Β. $3,750
C. $5,250
D. $4,750

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