How much could you afford to pay for building

Reference no: EM131933242

Question: The annual income from a rented office building is $100,000. The monthly expenses are $2000. If the building can be sold for $500,000 at the end of ten years, how much could you afford to pay for it now, if you considered 10% to be a suitable annual interest rate?

Reference no: EM131933242

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