Determine the value of a building by calculating the present value of the monthly rental income of $100,000 for 700 years. The discount rate to be used is 11 % Nominal annual compounding monthly and the assumed constant annual inflation rate over the 700 years is 3%.

Answer rating: 100% (QA)

Monthly income 100000 Annual income 100000 12 1200000 Nominal rate is 11 Infla... View the full answer