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Ashton Appraisals is appraising a commercial office building for refinancing. Annual rental revenue is $150,000 per year. Ashton pay rent at the end of each

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Ashton Appraisals is appraising a commercial office building for refinancing. Annual rental revenue is $150,000 per year. Ashton pay rent at the end of each year. The expected life of the building is 20 years. Assuming an annual return of 15%, what is the current value of the office building? A) $3,000,000 B) $1,053,720 C) $938,900 D) $984,900

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