Nabil is considering buying a house while he is at university. The house costs $220,000 today. Renting out part of the house and living in the rest over his two years at school will net,after expenses,$3500 per month.He estimates that he will sell the house after two years for $230,000.If Nabil's MARR is 6 percent compounded monthly, should he buy the house? Use present worth. Click the icon to view the table of compound interest factors for discrete compounding periods when i= 6% compounded monthly. Nabil buy the house because the present worth of the house is $ (Round to the nearest cent as needed.)
