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Justin is intrested in purchasing a new rental property. Annual expected cash flows from rent are expected to be $10,000 every year for the next
- Justin is intrested in purchasing a new rental property. Annual expected cash flows from rent are expected to be $10,000 every year for the next ten years at which time Justin plans to sell the property for $100,000. If Justin uses a discount rate of 5%, what is the value of this rental property.
- 120,571.33
- 138,608.67
- 160,329.70
- 204,321.22
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
