Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

An investor buys a property for $106939. They borrow $72447, at 3.3% p.a. The property provides a net income of $7051 in the first year. The property increases in value by 3.8% in the first year. What is the income return on the equity invested in the property as a percentage (%) in the first year?