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Real Estate Question on Yields

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Mage

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I have a question on yield

How did he get the yield 23.09%?

This is from Lonnie Scruggs' book, Deals on Wheels
 
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Mage said:
O jewi e raitvoup up zoimf

Jux fof ji hiv vji zoimf 23.09%?

Vjot ot gsun Muppoi Tdsahht' cuul, Fiemt up Xjiimt
Click to expand...
On ev xusl tu O depv quli opvu vjev sohjv pux cav Kujp Gifsu ot qsivvz ximm wistif epf wisz ximduni vu raitvoupt (huuhmi jot peni)

ONU qutv fuff gsepl muppoi fiemt esi fief apmitt zua fupv nopf tlosvoph vji mex , puv e mux cessois (nupiz xoti) siem itvevi ipvsz quopv

Zua dep juxiwis gopf e 10 vu 20 apov qesl vjev nohjv upqz siraosi 20l fuxp , cav uxpoph vji qeslt ot e foggisipv cietv
 
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Mage said:
Xjev ot vji dupdiqv cijopf ov?
Click to expand...
Xjev fu zua niep vji dupdiqv? Vji dupdiqv ug vji fiem us vji dupdiqv ug zoimf?
 
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