Interest = 4%
Time = 7 YEARS
Income = $11,484
maintenance and repair cost per year = 1,188
increase in maintenance and repair cost per = $841
Therefore,
PW = rental income(P/A,i,n) - maintenance and repair cost per year(P/A,i,n) - increase in maintenance and repair cost per - year(P/G,i,n)
PW= 11,484(P/A,4%,7) - 1,188(P/A,4%,7) - 841(P/G,4%,7)
= 11,484*6.002 - 1,188*6.002 - 841*17.066
= $90,409.85
Question 2 1 pts Ray has been offered a 7-year work assignment in Portugal. While he...
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