You have the opportunity to purchase an offi ce building for $750,000 with an expected life of

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You have the opportunity to purchase an offi ce building for $750,000 with an expected life of 20 years. Looking over the fi nancial details, you see that the before-tax net rental income is $90,000. If you want a return of at least 15 percent, how much should you pay for the building?

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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