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amy purchases 10 duplexes (a total of 20 rentable units) and she expects to have to replace the air conditioning equipment in each rentable unit
amy purchases 10 duplexes (a total of 20 rentable units) and she expects to have to replace the air conditioning equipment in each rentable unit 10 years from now at a cost of $1500 per unit. the bank that loaned amy the money to purchase the duplexes requires that she deposit a part of the monthly rents into an account earning 6 percent annual interest with monthly compounding to ensure that the money will be available to replace the air conditioning units. how much money per month must amy deposit?
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