If the house can be sold for 245000 at the end of 10 years


The annual income from a rented house is $24,000. The annual expenses are $6000. If the house can be sold for $245,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 9% to be a suitable interest rate?

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Business Economics: If the house can be sold for 245000 at the end of 10 years
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