A condominium generates $2,000/month rent, has $350/month in associated expenses, and can be sold in three years for $325,000. If you are satisfied with a 6% return, compounded monthly, how much should you pay today for this property? $363,987 $305,851 $296,879 $325,807

Q: where  is the excel sheet ,so i can see how you get  the answer.  I want to see the workings  please

A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…

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Q: By chance, do you have the formulas that you used for each answer so i can study it more?

A: Formulae used:

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