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nuttyg3705
nuttyg3705
27.10.2020 • 
Mathematics

Wayne is planning to sell the twenty-room apartment building he bought fifteen years ago, for which he paid $759,000. The real estate market in his area has been falling since that time, and the property has decreased in value by 3.89% every year. Wayne rents each of his apartments for $495 per month, and upkeep on the building costs him $26,400 annually. Assuming that Wayne has kept his apartment com plex constantly three-quarters full, what will his net profit or loss be when he sells the building, to the nearest hundred dollars? a. $61,500 loss b. $722,400 loss
c. $168,000 profit
d. $606,000 profit

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