When the annual income is first recieved at eoy one

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annual income from a rental property is expected to start at $1300 per year and decrease at a uniform amount of $50 each year after the first year for the 15-year expected life of the property. the investment cost is $8000 and "i" is 9% per year. is this a good investment? assume that the investments starts at zero(now) and that the annual income is first recieved at EOY one.

Reference no: EM13285313

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