Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A shopping center costing $2,000,000 will have an estimated net annual income of $200,000. In 10 years it is estimated the center can be sold

A shopping center costing $2,000,000 will have an estimated net annual income of $200,000. In 10 years it is estimated the center can be sold for $3,500,000. If the interest is 9%, which one is the future worth of this project? Use the tables below.image text in transcribed

i = 9%, P/F P/A A/F A/P F/P F/A n 0.91743 0.9174 1.00000 1.09000 1.0900 1.0000 == 1 n 0.42241 6.4176 0.06582 0.15582 2.3673 15.192 = 10 3,831,656 3,500,000 - 461,600 None of the above O 1,803,8000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mechanics of Materials

Authors: James M. Gere, Barry J. Goodno

7th edition

495438073, 978-0495438076

More Books

Students also viewed these Civil Engineering questions

Question

What were the processes that caused the outcomes?

Answered: 1 week ago