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A property produces a first year NOI of $80000 which is expected to grow by 2.0 percent per year. If the property is expected to
A property produces a first year NOI of $80000 which is expected to grow by 2.0 percent per year. If the property is expected to be sold in Year 10, what is the expected sale price based on a terminal capitalization rate of 6.5 percent applied to the 11 year NOI?
multiple choice
$1,275,256
$1,575,316
$1,500,301
$1,125,226
$1,425,286
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