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John, Peter's heir, intends to inherit Peter's rental home in 7 years after the 7 year's rent has been paid to Peter. The rental income

image text in transcribed John, Peter's heir, intends to inherit Peter's rental home in 7 years after the 7 year's rent has been paid to Peter. The rental income is $49,100 each year forever at a 14% discount rate. What is the expected value of the home in 7 years, when John inherits the home? $ How much might John be able to sell his claim to the home for today? $

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