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3. Rental income from a piece of property, upon which there is an indefinite lease, flows in continuously at the rate of $80,000 per
3. Rental income from a piece of property, upon which there is an indefinite lease, flows in continuously at the rate of $80,000 per year. The income in invested immediately into an account paying 6.3% annual interest compounded continuously. How much money would have to be invested right now as a lump sum to match the money that would be realized from the rental income stream?
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
