The following table shows the average nominal interest rates on six-month treasury bills between 1971 and 1975, which determined the nominal interest rate that the u. s. government paid when it issued debt in those years. the table also shows the inflation rate for the years 1971 to 1975. (all rates are rounded to the nearest tenth of a percent.

Mr. pines is considering buying a house and renting it to students. the yearly operating costs are $1,900. the house can be sold for $175,000 at the end of 10 years and it is considered 18% to be a suitable annual effective interest rate. if the house costs $100,000 to purchase, how much would you need to charge your tenants each year in rent? (assume a single payment for the years rent at the end of each year)