Tom takes a loan of $60,000 at 4 percent annual interest to purchase a property worth $100,000.He earns an annual income of $10,000 after expenses but before interest and income taxes are deducted.If the income tax rate is 30 percent,then the leveraged return on the real estate investment is _____.

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The Answer of Tom takes a loan of $60,000 at 4 percent annual interest to purchase a property worth $100,000.He earns an annual income of $10,000 after expenses but before interest and income taxes are deducted.If the income tax rate is 30 percent,then the leveraged return on the real estate investment is _____.

Tom Takes a Loan of $60,000 at 4 Percent Annual