A $1,500,000 building generates monthly rents of $20,000 for 10 years.The owners are paying 7% interest on the mortgage.What is the present value of the rental payments?
A)$150,304.64
B)$305,623.24
C)$1,732,575
D)$1,722,527

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The Answer of A $1,500,000 building generates monthly rents of $20,000 for 10 years.The owners are paying 7% interest on the mortgage.What is the present value of the rental payments?
A)$150,304.64
B)$305,623.24
C)$1,732,575
D)$1,722,527

A $1,500,000 Building Generates Monthly Rents of $20,000 for 10