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Nabil is considering buying a house while he is at university. The house costs $250,000 today. Renting out part of the house and living in

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Nabil is considering buying a house while he is at university. The house costs $250,000 today. Renting out part of the house and living in the rest over his two years at school will net, after expenses, $3000 per month. He estimates that he will sell the house after two years for $260,000. If Nabil's MARR is 6 percent compounded monthly, should he buy the house? Use present worth. Click the icon to view the table of compound interest factors for discrete compounding periods when i = 6% compounded monthly Nabil (Roun buy the house because the present worth of the house is $ is needed.) should should not

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