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How much profit would Earl make if he buys a property for $100,000 invests $35,500 into the property and sells the property for $1 million after 10 years?

User AFrieze
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Final answer:

Earl would make a profit of $864,500 if he buys a property for $100,000, invests $35,500 into the property, and sells it for $1 million after 10 years.

Step-by-step explanation:

To calculate the profit, we need to subtract the total cost of buying and investing in the property from the selling price after 10 years.

Total cost = buying price + investment = $100,000 + $35,500 = $135,500

Profit = selling price - total cost = $1,000,000 - $135,500 = $864,500

Therefore, Earl would make a profit of $864,500 if he buys a property for $100,000, invests $35,500 into the property, and sells it for $1 million after 10 years.

User Samui
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