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A piece of rental property will generate $10,000 a year for 5 years, $12,000 for the next 5 years and then be sold at the
A piece of rental property will generate $10,000 a year for 5 years, $12,000 for the next 5 years and then be sold at the end of the tenth year for $100,000. If you can earn 10% on your funds what is the maximum you should pay for the property?
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