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2. The annual rental income from a duplex is $9,600, and annual expenses are $2,500. If the potential buyer anticipates that the duplex could be
2. The annual rental income from a duplex is $9,600, and annual expenses are $2,500. If the potential buyer anticipates that the duplex could be sold for $75,000 at the end of 10 years, what is the purchasing price that could be justified? Assume that the interest rate is 8 percent.
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
6th Edition
1264101589, 9781264101580
