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Suppose that annual income from a rental property is expected to start at $1300 per year and decrease at a uniform amount of $50 each year after the first year for the 15-year expected

Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15-year expected life of the property. The investment cost is $8,000, and i is 9% per year. Is this a good investment? Assume that the investment occurs at time zero (now) and that the annual income is first received at end of year one.

Apr 29 2020 View more View Less

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