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An apartment you are interested in is on offer for sale at $ 1 2 1 , 4 0 0 . The projected annual rent

An apartment you are interested in is on offer for sale at $121,400. The projected annual rent income is $9,500(after expenses). You wish to own it for three years and then hope to sell it for $124,000. The market discount rate for real estate is currently 9%. Would you purchase it?

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