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QUESTION 20 The annual income from a rented house is $25,000. The annual expenses are $5,000. If the house can be sold for $250,00 at

QUESTION 20 The annual income from a rented house is $25,000. The annual expenses are $5,000. If the house can be sold for $250,00 at the end of 10 years, how much could you afford to pay for it now, assuming 6% interest rate? a. $450,000 b. $356,500 c. $295,960 d. $286,800

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