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5. Assuming no income or holding costs during the period, if you purchased a vacant parcel of land five years ago for $1,500,000, how much

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5. Assuming no income or holding costs during the period, if you purchased a vacant parcel of land five years ago for $1,500,000, how much would you have to sell it for to yield a 7% annual return on your investment? nr. A. nach Ama a 10% discount rate

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