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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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