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(18) You own an apartment complex with 40 units. All units are occupied. The monthly rent...
All units in a 100-unit apartment building are rented out when the monthly rent is set...
All units in a 100-unit apartment building are rented out when the monthly rent is set at r = $900/month. Suppose that one unit becomes vacant with each $10 increase in rent and that each occupied unit costs $80/month in maintenance. Which rent r maximizes monthly profit? r= $ A billboard of height b = 2 meters is mounted on the side of a building with its bottom edge at a distance h = 7 meters from the street. At...
C++ (Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is,...
C++ (Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say, $600 per month, all the units are occupied. However, for each, say, $40 increase in rent, one unit becomes vacant. Moreover, each occupied unit requires an average of $27 per month for maintenance. How many units should be rented to maximize the profit? Instructions Write a program that prompts the user to enter: The total number of units. The rent to occupy all...
(Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say,...
(Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say, $600 per month, all the units are occupied. C++ However, for each, say, $40 increase in rent, one unit becomes vacant. Moreover, each occupied unit requires an average of $27 per month for maintenance. How many units should be rented to maximize the profit? Instructions Write a program that prompts the user to enter: The total number of units. The rent to occupy all...
You are in the 25% tax bracket. The apartment rents for $1200 per month. Your monthly...
You are in the 25% tax bracket. The apartment rents for $1200 per month. Your monthly mortgage payments would be $1700, of which an average of $1400 per month goes toward interest during the first year. Determine whether renting or buying is cheaper in terms of monthly payments during the first year. Assume you are itemizing deductions. Is it cheaper to own or to rent? It is cheaper to rent. It is cheaper to own.
upon a time the following add appeared in the Athens newspaper- For Sale: Apartment Building 30...
upon a time the following add appeared in the Athens newspaper- For Sale: Apartment Building 30 Units Average Rent for 2019 is expected to be $600 per month per unit 2 years old Price Upon investigation you found that it would require little or no work on your part. There was a rental agency which would keep the books, rent apartments, do evictions and other administrative tasks for 10% of the rent. Your investigation showed that the apartments stayed about...
Suppose you own a house where you live and a condo for rent. So the rent...
Suppose you own a house where you live and a condo for rent. So the rent from the tenant of your condo is your income. The monthly rent is $1,500, but you have to pay taxes, maintenance fees, and insurance premium. They are $500 per month in total. Therefore, the net cash flow from this condo is $1000 per month. Assume the tax is a lump sum, not proportional to the value of a property. Assume there is no depreciation...
PLEASE SHOW ALL WORK A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit w...
PLEASE SHOW ALL WORK A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate. (a) At what price is revenue maximum? What is the maximum revenue and how many apartments are rented to reach this max? (b) If the monthly cost of maintaining the...
A family currently live in an apartment whose monthly rent is $950. They are thinking of...
A family currently live in an apartment whose monthly rent is $950. They are thinking of buying a house which would cost $220,000. They plan to live in this house for 5 years and sell it at the end of the 5th year. They would put a downpayment of $20,000 and finance the balance through a mortgage at 3.5% interest rate. The mortgage is to be repaid in 5 annual installments (which include both principal and interest) at the end...
A family currently live in an apartment whose monthly rent is $1050. They are thinking of...
A family currently live in an apartment whose monthly rent is $1050. They are thinking of buying a house which would cost $250,000. They plan to live in this house for 5 years and sell it at the end of the 5th year. They would put a downpayment of $25,000 and finance the balance through a mortgage at 3% interest rate. The mortgage is to be repaid in 5 annual installments (which include both principal and interest) at the end...
A family currently live in an apartment whose monthly rent is $950. They are thinking of...
A family currently live in an apartment whose monthly rent is $950. They are thinking of buying a house which would cost $220,000. They plan to live in this house for 5 years and sell it at the end of the 5th year. They would put a downpayment of $20,000 and finance the balance through a mortgage at 3.5% interest rate. The mortgage is to be repaid in 5 annual installments (which include both principal and interest) at the end...
All units in a 100-unit apartment building are rented out when the monthly rent is set at r = $900/month. Suppose that one unit becomes vacant with each $10 increase in rent and that each occupied unit costs $80/month in maintenance. Which rent r maximizes monthly profit? r= $ A billboard of height b = 2 meters is mounted on the side of a building with its bottom edge at a distance h = 7 meters from the street. At...
You are in the 25% tax bracket. The apartment rents for $1200 per month. Your monthly mortgage payments would be $1700, of which an average of $1400 per month goes toward interest during the first year. Determine whether renting or buying is cheaper in terms of monthly payments during the first year. Assume you are itemizing deductions. Is it cheaper to own or to rent? It is cheaper to rent. It is cheaper to own.
upon a time the following add appeared in the Athens newspaper- For Sale: Apartment Building 30 Units Average Rent for 2019 is expected to be $600 per month per unit 2 years old Price Upon investigation you found that it would require little or no work on your part. There was a rental agency which would keep the books, rent apartments, do evictions and other administrative tasks for 10% of the rent. Your investigation showed that the apartments stayed about...
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