(15 Points) Investment in an apartment house is expected to produce annual income (from its rental) of $20,000. The maintenance cost is estimated to be $2000 at the end of first year. The maintenance cost is expected to increase by $100 each year thereafter. If the apartment house can be sold for $100,000 at the end of 10 years, how much should you be willing to pay for it now, with required return of 10%? P=? 2 20,000 100,000 8 9 10 2000 2100 2200 2300 2400 2500 2600 2700 2800 2900