silk pelican
Used google translator, so text may not make complete sense.
We are thinking about building a new property. We plan to use the property by renting it out, within the framework of which we will receive 1 430 000$ in rent every year for the next 12 years. The annual nominal interest rate is 16.1%. What amount of investment could be made now in order to pay off this investment with the rental fees?
Answer is 7 401 095,109
placid bladeBOT
silk pelican
I would apreciate the help. Been trying to figure it out by myself, but the time is running out. Got to sleep, cuz i got an exam tomorrow morning in this and it's pretty late
silk pelican
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rare pasture
This is just an application of the present value of an annuity formula.