Question
See image. Show all work. I will rate positively. Suppose that annual income from a rental property is expected to start at $1 ,300 per
See image. Show all work. I will rate positively.
Suppose that annual income from a rental property is expected to start at $1 ,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15-year expected life of the property. The investment cost is $8,000, and i is 9% per year. Is this a good investment? Assume that the investment occurs at time zero (now) and that the annual income is first received at EOY one. Click the icon to view the interest and annuity table for discrete compounding when i= 9% per year. The present equivalent of the rental income equals $ More Info Single Payment Compound . (Round to the nearest dollar.) Uniform Series Uniform Gradient 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Amount Factor To Find F Given P 1 .0900 1.1881 1 .2950 1.4116 1 .5386 1 .6771 1 .8280 1 .9926 2.1719 2.3674 2.5804 2.8127 3.0658 3.3417 3.6425 Present Worth Factor To Find P Given F 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 Compound Amount Factor To Find F Given A 1 .oooo 2.0900 3.2781 4.5731 5.9847 7.5233 9.2004 1 1.0285 13.0210 15.1929 17.5603 20.1407 22.9534 26.0192 29.3609 Present Worth Factor To Find P Given A PIA 0.9174 1 .7591 2.5313 3.2397 3.8897 4.4859 5.0330 5.5348 5.9952 6.4177 6.8052 7.1607 7.4869 7.7862 8.0607 Sinking Fund Factor To Find A Given F 1 .oooo 0.4785 0.3051 0.2187 0.1671 o. 1329 0.1087 0.0907 0.0768 0.0658 0.0569 0.0497 0.0436 0.0384 0.0341 Capital Recovery Factor To Find A Given P 1 .0900 0.5685 0.3951 0.3087 0.2571 0.2229 0.1987 0.1807 0.1668 o. 1558 0.1469 0.1397 0.1336 0.1284 0.1241 Gradient Present Worth Factor To Find P Given G 0.0000 0.8417 2.3860 4.5113 7.1110 10.0924 13.3746 16.8877 20.571 1 24.3728 28.2481 32.1590 36.0731 39.9633 43.8069 Gradient Uniform Series Factor To Find A Given G 0.0000 0.4785 0.9426 1 .3925 1 .8282 2.2498 2.6574 3.0512 3.4312 3.7978 4.1510 4.4910 4.8182 5.1326 5.4346 Check answe
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