The annual income from a rented house is 12000 the annual


The annual income from a rented house is $12,000. The annual expenses are $3000. If the house can be sold for $145,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 18% to be a suitable interest rate?

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Macroeconomics: The annual income from a rented house is 12000 the annual
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