Question

Jill purchased a piece of real estate one year ago for $630,000. The real estate is...

Jill purchased a piece of real estate one year ago for $630,000. The real estate is now worth $660,000. If Jill needs to have a total return of 8.6 per cent during the year, then what is the dollar amount of income that she needed to have to reach her objective? (to the nearest dollar; don’t use $ sign or commas)

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