8. Nabil is considenng buyıng ahouse while heis at university. The house costs $200 000 today. Renting out part of the house and living in the rest over his five years at scho ol will net, after expenses, $2000 permonth. He estimates that he will sell the house after five years for $210 000. If Nabil's MARRIS ó percent compounded monthly, should he buy the house? Use present worth.

8. Nabil is considenng buyıng ahouse while heis at university. The house costs $200 000 today. Renting out part of the house and living in the rest over his five years at scho ol will net, after expenses, $2000 permonth. He estimates that he will sell the house after five years for $210 000. If Nabil's MARRIS ó percent compounded monthly, should he buy the house? Use present worth.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 56P

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