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pter 15 Homework You are considering buying an apartment building and renting rooms to students at a local college. It will generate an income (rent

pter 15 Homework You are considering buying an apartment building and renting rooms to students at a local college. It will generate an income (rent paid by students) of $20,000 right now and another $20,000 in one year. Two years from now you plan to sell the building and expect it will fetch $500,000. What is the net present value of this apartment building today, assuming the interest rate is 5 percent? In other words, how much should you be willing to pay for this building? You should be willing to pay $ (Round your answer to the nearest whole number.)

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