If a piece of land is yielding $650 a year rent and is expected to continue to
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If a piece of land is yielding $650 a year rent and is expected to continue to do so in the future, what will be the approximate selling price of the land, assuming a real interest rate of 4 percent on investments of comparable risk?
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Related Book For 
Intermediate Microeconomics
ISBN: 9780155414969
1st Edition
Authors: Robert W. Clower, Philip E. Graves
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