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An investor has the opportunity to acquire a parcel of development ground for $1, 650,000 which is projected to be worth $2,250,000 in 4 years.

An investor has the opportunity to acquire a parcel of development ground for $1, 650,000 which is projected to be worth $2,250,000 in 4 years. The investor's required yield rate is 9.25 percent. What price must the investor pay for this ground in order to achieve its required yield? O $1,650,000 O $1,579,417 O $1,524,741 O $1,629,147
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An investor has the opportunity to acquire a parcel of development ground for \\( \\$ 1 \\). 650,000 which is projected to be worth \\( \\$ 2,250,000 \\) in 4 years. The investor's required yield rate is 9.25 percent. What price must the investor pay for this ground in order to achieve its required yield? \\( \\$ 1,650,000 \\) \\( \\$ 1.579,417 \\) \\( \\$ 1.524,741 \\) \\( \\$ 1.629 .147 \\)

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