4. You know that you could buy 8 apartments for $500'000 each with the fund today,...

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4. You know that you could buy 8 apartments for $500'000 each with the fund today, and you think you can sell them (all 8 apartments) for a total of $5'200'000 in 10 years' time. If you would like to earn an average annual return of 5.61% (compounded monthly), what monthly rent would you have to charge each tenant? Round your answer to the nearest whole number (for example 45.239 = 45). (NOTE: rent is paid upfront so you would receive the first rent payment NOW). 4. You know that you could buy 8 apartments for $500'000 each with the fund today, and you think you can sell them (all 8 apartments) for a total of $5'200'000 in 10 years' time. If you would like to earn an average annual return of 5.61% (compounded monthly), what monthly rent would you have to charge each tenant? Round your answer to the nearest whole number (for example 45.239 = 45). (NOTE: rent is paid upfront so you would receive the first rent payment NOW).