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Question 13 5 pts You have the opportunity to purchase, for $660,000, an apartment building with a useful life of 38 years. The current rental
Question 13 5 pts You have the opportunity to purchase, for $660,000, an apartment building with a useful life of 38 years. The current rental income is $75,000 per year. The rental income is expected to remain at this level. Since you want a return of at least 12%, how much should you offer to pay for the apartment building? $616,575 $493,260 $660,000 $578,000
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