Business, 25.03.2021 05:00 tez87

Suppose that annual income from a rental property is expected to start at $1,100 per year and decrease at a uniform amount of $45 each year after the first year for the 15-year expected life of the property. The investment cost is $7,000, 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 EOY one.

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