Problem 4-75 (algorithmic) Suppose that annual income from a rental property is expected to start at $1.270 per year and decrease of a uniform amount of $45 each year after the first year for the 15-year expected life of the property The investment cost is $8,800, and il 7% per year. Is this a good Investment? Assume that the investment occurs at me zero (now) and that the annual income is received at EOY one. Click the loon to view the interest and annuity table for discrete compounding when i 7% per year The present quivalent of the rental income equals $(Round to the nearest dolar)