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Question3: Score 1/1 Suppose a condo generates $26,000 in cash flow in the first year. If the cash flows grow at 2% per year, the

Question3: Score 1/1\ Suppose a condo generates

$26,000

in cash flow in the first year. If the cash flows grow at

2%

per year, the interest rate is

12%

, and the building lasts forever, what is the present value of the condo's cash flow?

Suppose a condo generates $26,000 in cash flow in the first year. If the cash flows grow at 2% per year, the interest rate is 12%, and the building lasts forever, what is the present value of the condo's cash flow

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