Property taxes in your home state are roughly 3% of the purchase price every year. If you

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Property taxes in your home state are roughly 3% of the purchase price every year. If you just bought a

$500,000 home, what is the PV of all future property tax payments? Assume that the house remains worth

$500,000 forever, property tax rates never change, and that a 10% interest rate is used for discounting.

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Financial Markets And Institution

ISBN: 9781292459547

10th Global Edition

Authors: Frederic Mishkin, Stanley Eakins

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Question Posted: Oct 16, 2024 03:00 AM

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Property taxes in your home state are roughly 3% of the purchase price every year. If you

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Financial Markets And Institution

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