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Again, instead of charging $ 3 0 , 0 0 0 each year, assume that you charge the first year's rent $ 1 5 ,

Again, instead of charging $30,000 each year, assume that you charge the first year's rent $15,000, and will grow it at the rate of 10% for 3 years after that.
The maintenance will cost you $5,000 a year.
You will hold the property for 4 years, and sell it for $130,000.
The appropriate discount rate is 20%.
What kind of cash flow patterns are these? Step by step calculation with formulas.
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