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Suppose that annual income from a rental property is expected to start at $1,270 per year and decrease at a uniform amount of $55 each year after the first year for the 12 year expected life of the property. The investment cost is $8600 and i is 10% per year. is this a good investment? assume that the investment occurs at time zero (now) and that the annual income is first received at EOY one.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91234652

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