SOLUTION: 1a) Through analysis you determine a property can maintain a triple net income of $20,000 per year for the following 12 years. Given an annual rate of return 7% what is the estimat

Question 1011752: 1a) Through analysis you determine a property can maintain a triple net income of $20,000 per year for the following 12 years. Given an annual rate of return 7% what is the estimated present value of the property?
1b) Upon further review in question 8 above you determine that at the end of the 12 year term that the building will have fulfilled it's economic life expectancy and that it should be demolished. You determine a demolition cost of $25,000 at that time and also determine that the future land value is projected to be $280,000. What is your reviewed estimate of the present value of the property?

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
is the income 20k/year? Or does "triple income" mean 20x3= 60k/year? Could you please just state the annual income?
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