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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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