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Suppose that annual income from a rental property is expected to start at $1,330 per year and decrease at a uniform amount of $50 each

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Suppose that annual income from a rental property is expected to start at $1,330 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 $8,200, and ils 10% 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 loon to view the interest and annuity table for discreto compounding when/- 10% per yet, The present equivalent of the rental income equals $ 2078 (Round to the nearest dolar) for

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