You are thinking about renting out your condo rather than selling

it. You can get $200,000 if you sell your condo to an eager buyer

today, but only $100,000 if you wait to sell it. You expect to earn

$5,000 per month (including all expenses). The discount rate of

12%. What is the minimum number of months you need to rent it

out for this to be an acceptable investment?

Please show your work, thank you!