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Five years ago the following ground lease was signed. What must the leased fee sell for today to yield 13% if the reversion at the
Five years ago the following ground lease was signed. What must the leased fee sell for today to yield 13% if the reversion at the end of the lease is $5,000,000 and income is in arrears?
| Years of Lease | Annual Net Income |
| 1 through 5 | $90,000 |
| 6 through 10 | $120,000 |
| 11 through 15 | $150,000 |
| 16 through 20 | $180,000 |
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Integral Audit Acceptions Objectives And Practices
Authors: David Pavón, Catalina Rueda
1st Edition
6206302083, 978-6206302087
