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Nabil is considering buying a house while he is at university. The house costs $240,000 today. Renting out part of the house and living in
Nabil is considering buying a house while he is at university. The house costs $240,000 today. Renting out part of the house and living in the rest over his five years at school will net, after expenses, $2000 per month. He estimates that he will sell the house after five years for $250,000. If Nabil's MARR is 6 percent compounded monthly, should he buy the house? Use annual worth. Click the icon to view the table of compound interest factors for discrete compounding periods when i=6% compounded monthly Nabil buy the house because the annual worth of the house is $ (Round to the nearest cent as needed.)
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