Question 10 • 26-27 Ignite Financial Literacy Personal Finance - EL3403
Rosalyn earns $720 × 8 × 12 = $69,120 in rent each year. After $22,900 in upkeep, her yearly profit is $46,220, or $462,200 over 10 years. The complex sells for about $420,000 × 1.022¹⁰ = $522,081, a gain of about $102,081. Adding the rental profit and increase in value gives about $564,281, which rounds to $564,300.
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