Compute the future worth in year list under salvage value and equiv. annual worth of your cash flow. In year 10 the annual income begins to increase at 2% per year. Include appropriate nomenclature statements, and do not use a series of F/P computations.
Initial Cost = $62,889
Annual Income = Amount = $10,780 // Starts,Yr = 5
Rehab Cost yr 12 = $11,146
Salvage Value = $18,867 // year = 12
%/yr = 10
compounded monthly