Question: Hi, I am having some trouble with this question. Can you show me a step by step solution on how to solve it. Thanks Gina

Hi, I am having some trouble with this question. Can you show me a step by step solution on how to solve it. Thanks

Gina is interested in buying a house beside the university which she will rent to students. She expects to receive $1,750 a month in rental income(net ofmaintenance). Gina's real estate agent estimates that she will be able to sell the property for $350,000 at the end of 33 months. Gina wants a return of 0.5% per month. What is the most that she should pay for theproperty? Assume that she will purchase the house today and receive the first(beginning ofmonth) rental payment today.

What is the most that Gina should pay for the propertytoday?

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