Income = Value x Rate
Rate = Income / Value
The relationship of these components can be expressed in the Triangle below. You can always get the third figure by either multiplying or dividing the two given numbers, just remember IRV.
Examples:
Value = Income / Rate
Value = $105,000 / 12%
Value = $875,000
Rate = Income / Value
Rate = $114,500 / $900,000
Rate = 12.72%
Income = Value x Rate
Income = $825,000 x 13%
Income = $107,250
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