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Alisha is considering buying a house while she is at University. She plans to live in the house and also rent to her friends. The

Alisha is considering buying a house while she is at University. She plans to live in the house and also rent to her friends. The house will cost $300000 to purchase and it has 4 bedrooms (3 she can rent). She will pay cash for the house! She estimates that she can earn $32000 per year in rental income. She estimates that her expenses will be $16000 per year. At the end of 4-years she estimates that she will be able to sell the house for $580000. If she uses a MARR of 4% compounded monthly, what is the present worth of her investment plan?

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