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How much could you afford to pay for given

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Question: 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? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132158821

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