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5 - 6 1 . Calculate the annual profit or loss for investors borrowing $ 3 0 million at 6 % per year to build

5-61. Calculate the annual profit or loss for investors
borrowing $30 million at 6% per year to build luxury
apartments, with $12,000 annual rent per apartment
and $4,000 annual maintenance expense per apartment.
The loan is being repaid in equal, annual amounts.
(5.5) No.of appartments are 300
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