The annual income from a rented home is 24000 the annual


The annual income from a rented home 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 rate?

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Business Economics: The annual income from a rented home is 24000 the annual
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