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III Homework: Chapter 4 Homework Question 4, Pro Part 1 of 2 Suppose that annual income from a rental property is expected to start at $1,200 per year and decrease at a uniform amount 10% per year. Is this a good investment? Assume that the investment occurs at time zero (now) and that the annual income is Click the icon to view the interest and annuity table for discrete compounding when i = 10% per year. R. The present equivalent of the rental income equals $ (Round to the nearest dollar.) Question 4, Problem 4-7... > HW Score: 0%, 0 of 5 points O Points: 0 of 1 Part 1 of 2 Save at a uniform amount of $50 each year after the first year for the 16-year expected life of the property. The investment cost is $7,500, and is the annual income is first received at EOY one