Answer:
the Skylar's property value will be equal to $68,500.
Step-by-step explanation:
given,
the net income of $5,480
return of 8 percent annually on the investment
property value is the value upon which the buyer and the seller come on the same page means they agree for the price.
property value = net operating income / capital rate
= [tex]\dfrac{5480}{0.08}[/tex]
= $68,500
hence, the Skylar's property value will be equal to $68,500.
