Suppose that annual income from a rental property is expected to start at $1 comma 1001,100 per year and decrease at a uniform amount of $4040 each year after the first year for the 1414-year expected life of the property. The investment cost is $7 comma 0007,000, and i is 1010% 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. The present equivalent of the rental income equals ?

Single Payment Uniform Gradient GradientGradient Uniform Series Compound Present Compound Present Capital Recovery Present Worth Factor To Find P Given G P/G 0.0000 0.8264 2.3291 Uniform Series Factor To Find A Given G Amount Amount Factor To Find Factor To Find P GivenA To Find A Given F A/F 1.0000 0.4762 0.3021 To Find P GivenF To Find F Given A To Find A GivenP A/P Given P 0.0000 0.4762 0.9366 1.1000 1.0000 2.1000 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 0.9091 0.8264 2 0.5762 0.4021 0.6830 0.6209 0.5645 4 0.2638 0.2296 0.2054 0.1638 0.1296 0.1054 0.0874 0.0736 0.0627 0.0540 0.0468 0.0408 0.0357 6 9.6842 12.7631 16.0287 19.4215 22.8913 26.3963 29.9012 33.3772 36.8005 2.2236 2.6216 3.0045 3.3724 3.7255 4.0641 4.3884 4.6988 4.9955 2.1436 2.3579 2.5937 2.8531 0.4665 0.4241 0.3855 0.3505 9.4872 11.4359 13.5795 15.9374 0.1736 0.1627 0.1540 6.4951 3.4523 3.7975 0.2897 0.2633 21.3843 24.5227 27.9750 7.3667 0.1357