You are considering the purchase of a condominium to use as a rental property. You estimate that
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You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium for $ comma per month and that taxes, insurance, and maintenance costs will run about $ per month. If interest rates are compounded monthly, how large a dash year mortgage can you assume and still have the rental income cover the monthly expenses?
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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