A property returns a net rent of $16,200 p.a., and you will receive this rent payment from the property for the remaining period of the lease, which is 12 years. Based on the current investment interest rate of 6.75%, what is the value of this income stream today (what would someone be willing to pay up front to receive $16,200 for the next 12 years?

Net Rent = CF = $16,200

T or N = 12 years

r = 0.0675 or 6.75%

PV of rental CF?