24
QuizMath Formula

Absolute Value and Linear Inequalities in Financial Context — Quiz

Question 24 • Financial Math

An investor is evaluating a potential apartment complex based on its monthly cash flow. The difference of the amount collected in rent from the apartments in the complex, x , for 12 months and the annual expenses of $⁢180,766 needs to be more than $⁢12,532 for the investment to be worthwhile. Write the solution set showing the possible values of collected rent for a profitable investment. Round to the nearest hundredth if necessary. Enter your answer in the box.

Answer

Math Formula Answer:

x>16108.17

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