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Jill invested $15,000 in a parking lot that she expects to have the following annual rents: 1 $1,200 2 $1,300 3 $1,400 4 $1,600
Jill invested $15,000 in a parking lot that she expects to have the following annual rents: 1 $1,200 2 $1,300 3 $1,400 4 $1,600 5 $1,800 She expects to sell the lot at the end of the 5th year for $22,000. What will be her IRR? If Jill requires a 14% rate of return on her investments, what is the NPV of this investment?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
