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Business, 22.11.2019 23:31 sandyrose935

Suppose that annual income from a rental property is expected to start at $ 1,100 per year and decrease at a uniform amount of $ 55 each year after the first year for the 12-year expected life of the property. the investment cost is $ 8,200, 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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