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Josie is interested in purchasing a townhome in a Collegetown to rent out to students. She estimates she can earn $10,000 per year in rent,

Josie is interested in purchasing a townhome in a Collegetown to rent out to students. She estimates she can earn $10,000 per year in rent, which would grow by 3% per year. If interest rates are 5%, what is the PV of this investment

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