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An investor buys a condo in San Diego priced at $ 1 4 0 , 0 0 0 . The investor finds a tenant who
An investor buys a condo in San Diego priced at $ The investor finds a tenant who agrees and signs a step up lease to rent this property. His rents will start at $ per month for the first year and increase by $ each year for a period of years. The investor sells the property at the end of years for $ If the required annual return to the investor was what was the NPV of this investment deal? State your answer rounded to decimals
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