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A young couple just had their first baby and is looking for additional income. They are considening ring our the space above their garage as
A young couple just had their first baby and is looking for additional income. They are considening ring our the space above their garage as an apartment to convert the space, the couple will have to lovest $30 000 hoday it wake one year before they can begin renting the space. Let's suppose that they can rent the apartment for $749.00 per month for 9.00 years first payment will be in one year annuity due. The couple would like taea 6 OR APR on this investment What is the NPV of this opportunity? Altempts Remail Submit Answer format: Currency Round lo: 2 decima planes
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