Answer:
No
Explanation:
The cost of the loan is ...
A = P(1 +rt) = $460,000·(1 +0.04·1) = $478,400
The revenue from room rental is ...
(365 days)($130/room/day)(10 days) = $474,500
The revenue from room rental is less than the cost of the remodel, so Safiyo will not earn her money back in 1 year.