How much can you afford to pay

Reference no: EM132158775

Question: The annual income from an apartment house is $20,000. The annual expenses are estimated to be $2000. If the apartment house can be sold for $100,000 at the end of 10 years, how much can you afford to pay for it if the time value of money is 10%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132158775

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