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A real estate investor is considering the purchase of a four - unit office building and has the following information. The purchase price is $
A real estate investor is considering the purchase of a fourunit office building and has the following information. The purchase price is $ with $ in acquisition costs. The value of the investment is expected to increase at a rate of percent per year. Selling expenses equal percent of the selling price. The investors holding period is years after which the property will be sold and the mortgage repaid.
What is the expected selling price at the end of year
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