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Income from an apartment building you own totals $300,000 per year. You plan on selling the building and retiring to France in 12 years. Assuming
Income from an apartment building you own totals $300,000 per year. You plan on selling the building and retiring to France in 12 years. Assuming you can invest the income from the building each year at 5%, how much money will you have on which to retire? Click the icon to view the future value of $1 table.) Click the icon to view the future value of annuity of S1 table.) A. $2,658,900 OB. $4.775,100 OC. $3,600,000 OD. $1,500,000 (Click the icon to view the future value of $1 table.) - x Data Table OL Future Value of $1 Periods 10 11 12 13 14 15 2% 1.219 1.243 1.268 1.294 1.319 1.346 3% 1.344 1.384 1,426 1.469 1.513 1.558 4% 1.480 1.539 1.601 1.665 1.732 1.801 5% 1.629 1.710 1.796 1.886 1.980 2079 6% 1.791 1.898 2.012 2.133 2.261 2.397 Print Done ? Click to select your answer. - 0 Data Table OOOO Future Value of Annuity of $1 Periods 2% 10 10.950 11 12.169 12 13.412 13 14.680 14 15.974 15 17.293 3% 11.464 12.808 14.192 15.618 17.086 18.599 4% 12.006 13.486 15.026 16.627 18.292 20.024 5% 12.578 14.207 15.917 17.713 19.599 21.579 6% 13.181 14.972 16.870 18.882 21.015 23.276 Print Done
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