20.1 A property could currently be purchased for 230,000 or rented for 900 per month. Buying this home requires a deposit of 20% of property value. The remaining balance is financed with a fully amortizing mortgage loan with monthly repayments for 20 years. The interest rate is 5%. The maintenance and insurance costs are 1000 per year. An investor expects an annual house price appreciation of 2%, but rent, insurance and maintenance costs are expected to remain constant. The investor wants to sell the property in two years, and creates a table with the cashflows of this investment: Cashflows The cashflow for Year O is closest to A -47,314 B -15,886 -46,000 Year O Year 1 Year 2