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how to solve this problem, kindly I want it to be sloved in written not using excel or financial calculator if its possible 6. A

how to solve this problem, kindly I want it to be sloved in written not using excel or financial calculator if its possible
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6. A property produces a first year NOI of $100,000 which is expected to grow by 2% per year. If the property is expected to be sold in year 10 , what is the expected sale price based on a lerminal capitalization rate of 9.5% applied to the eleventh year NOI? (B) (A) $1,308,815 (B) $1,283,152 (C) $1,263,158 (D) $1,257,992

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