You expect to rent out a vacation home on sanibel island


You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.

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Macroeconomics: You expect to rent out a vacation home on sanibel island
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