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Michael wants to earn 10% annual net income on his $85,700 cash investment in a property that has two identical rental units. His annual expenses for owning the property are $12,420. What monthly rent must Michael charge for each unit?

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Michael wants to earn 10% annual net income on his $85,700 cash investment in a property that has two identical rental units. His annual expenses for owning the property are $12,420. What monthly rent must Michael charge for each unit?






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