A group of private investors borrowed $27 million to build 310 new luxury apartments near a large university. The money was borrowed at 5% annual interest, and the loan is to be repaid in equal annual amounts (principal and interest) over a 30-year period. Annual operating. maintenance, and insurance expenses are estimated to be $4,000 per apartment, and these expenses are incurred independently of the occupancy rate for the apartments. The rental fee for each apartment will be $11,000 per year, and the worst-case occupancy rate is projected to be 75% a. How much profit (or loss) will the investors make each year with 75% occupancy b. Repeat Part (a) when the occupancy rate is 90%. More Info Discrete Compounding: i-5% Single Payment Uniform Series Compound Amount Factor To Find F Given P Present Worth Factor To Find P Given F Compound Amount Factor To Find F Given A Present Worth Factor To Find P Given A Factor To Find A Given F Recovery Factor To Find A Given P 1.0000 2.0500 0.9524 0.9070 0.8638 0.8227 0.7835 0.7462 0.9524 1.8594 2.7232 3.5460 4.3295 5.0757 5.7864 6.4632 7.1078 1.0500 0.5378 0.3672 0.2820 0.2310 1.0000 0.4878 0.3172 0.2320 1.0500 1.1025 3 4 1.2763 5.5256 1.4071 1.4775 8.1420 9.5491 11.0266 12.5779 14.2068 15.9171 17.7130 19.5986 21.5786 23.6575 25.8404 28.1324 0.1728 0.1547 0.6768 0.6446 0.6139 0.5847 0.5568 0.5303 0.5051 0.0907 0.0795 0.0704 0.0628 0.0565 0.0510 0.0463 0.0423 0.0387 0.0355 10 1.6289 12 13 14 15 16 1.8856 1.9799 2.0789 2.1829 2.2920 2.4066 8.8633 9.3936 9.8986 10.3797 10.8378 11.2741 11.6896 0.0963 0.0923 0.0887 0.0855 0.4581 0.4363