Question
22. You are considering a property that is leased for 15 years. As the lessor you would recieve $27,000 per year. At the end of
22. You are considering a property that is leased for 15 years. As the lessor you would recieve $27,000 per year. At the end of the period you will recieve a lump sum payment of $87,500 and the proprty reverts to the lessee. At an interest rate of 4%; what is the present value of the investment?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
