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Income from an apartment building you own totals $230,000 per year. You plan on selling the building and retiring to France in 15 years. Assuming
Income from an apartment building you own totals $230,000 per year. You plan on selling the building and retiring to France in 15 years. Assuming you can invest the income from the building each year at 2%, how much money will you have on which to retire? Future Value of $1 Periods 10 11 12 13 14 15 Future Value of Annuity of $1 Periods 2% 10 10.950 12.169 13.412 14.680 15.974 17.293 1123 12 13 14 15 2% 1.219 1.243 1.268 1.294 1.319 1.346 OA $3,977,390 OB. $460,000 OC. $2,955,270 OD. $3,450,000 3% 1.344 1.384 1.426 1.469 1.513 1.558 3% 11.464 12.808 14.192 15.618 17.086 18.599 4% 1.480 1.539 1.601 1.665 1.732 1.801 4% 12.006 13.486 15 026 16 627 18.292 20 024 5% 1.629 1.710 1.796 1.886 1.980 2.079 5% 12.578 14.207 15.917 17.713 19.599 21.579 6% 1.791 1.898 2012 2.133 2 261 2.397 6% 13 181 14 972 16 870 18 882 21.015 23.276
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