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John, Peter's heir, intends to inherit Peter's rental home in 9 years after the 9 year's rent has been paid to Peter. The rental income
John, Peter's heir, intends to inherit Peter's rental home in 9 years after the 9 year's rent has been paid to Peter. The rental income is $25,700 each year forever at a 5% discount rate. What is the expected value of the home in 9 years, when John inherits the home? $ How much might John be able to sell his claim to the home for
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