Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $300,000 with a assessment rate. Art feels that his return should be 10% per month on his investment after all expenses. The tax rate is $32 $1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your intermediate calcu final answer to the nearest cent.) Monthly rent

Question
Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $300,000 with a
assessment rate. Art feels that his return should be 10% per month on his investment after all expenses. The tax rate is $32
$1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee
All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your intermediate calcu
final answer to the nearest cent.)
Monthly rent
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Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $300,000 with a assessment rate. Art feels that his return should be 10% per month on his investment after all expenses. The tax rate is $32 $1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your intermediate calcu final answer to the nearest cent.) Monthly rent

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