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Ronald Slump purchased a real estate investment with the following end - of - year cashflows:Year End of year balance 1 $ 2 0 0

Ronald Slump purchased a real estate investment with the following end

-

-

year cashflows:Year End of year balance

1

2002

- 3503

- 4304

950

Suppose that the discount rate is

20 %,

calculate the present value of the investment.

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