Assume Jean-Claude purchased real estate for $500,000 using $50,000 of which is his own money and $450,000 which he borrowed at an 8% interest rate.If the value increased by 10% in one year and he sold the property, what was Joe's rate of return on his investment?
If the value of the property had declined by 2%, what would have been the rate of return on his investment?

Question

Assume Jean-Claude purchased real estate for $500,000 using $50,000 of which is his own money and $450,000 which he borrowed at an 8% interest rate.If the value increased by 10% in one year and he sold the property, what was Joe's rate of return on his investment?
 If the value of the property had declined by 2%, what would have been the rate of return on his investment?

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The Answer of Assume Jean-Claude purchased real estate for $500,000 using $50,000 of which is his own money and $450,000 which he borrowed at an 8% interest rate.If the value increased by 10% in one year and he sold the property, what was Joe's rate of return on his investment?
 If the value of the property had declined by 2%, what would have been the rate of return on his investment?

Assume Jean-Claude Purchased Real Estate for $500,000 Using $50,000 of Which