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A) A rental property will provide monthly income of $5,299 each month until it is sold. It is estimated that it will sell for $488,126

A) A rental property will provide monthly income of $5,299 each month until it is sold. It is estimated that it will sell for $488,126 at the end of 7 years. If investments of this risk earn 12.85%, what is this property worth today?

B) You will invest your $1,234 tax return and aim to have $4,532 in 8 years. What interest rate must you earn?

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