(present value tables required) income from an apartment building you own totals $260,000 per year. you plan on selling the building and retiring to france in 12 years. assuming you can invest the income from the building each year at 3%, how much money will you have on which to retire?

$2,591,420

Explanation: This investment is an annuity, a type of investment that adds an annual cashflow to the existing amount.

The formula for calculating annuities is:

    Present Value = Cashflows X  

Annual Cashflow = $260,000

                           r = 3% or 0.03

                           n = 12 years

Using a present value table, look at the value under the 3% column and in front of the Period 12 row.

This value is 0.701 and the value of   in the above equation.

PV = $260,000 X

PV = $260,000 X 9.967

$2,591,420

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answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.