A $1,500,000 Building Generates Monthly Rents of $20,000 for 10

question 45

Multiple Choice

A $1,500,000 building generates monthly rents of $20,000 for 10 years.The owners are paying 7% interest on the mortgage.What is the present value of the rental payments?

• A)$150,304.64
• B)$305,623.24
• C)$1,732,575
• D)$1,722,527

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Definitions:

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The ability to recover quickly from difficulties or adapt to change effectively.

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A personality trait characterized by perseverance and passion for long-term goals, often associated with resilience in overcoming obstacles.

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