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Sandy is interest in purchasing some rental property as part of her retirement portfolio. She currently has liquid funds of $500,000. While searching for a

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Sandy is interest in purchasing some rental property as part of her retirement portfolio. She currently has liquid funds of $500,000. While searching for a property, she finds a 6 unit apartment complex selling for $450,000. Further research indicates that Sandy can generate annual rental income of $60,000 from this property for the next 15 years. If Sandy has a required rate of return equal to 9.5%, should she purchase this property? Yes, the property will generate a profit of $64,311 No the property is not worth $450,000 Yes, the property will generate $900,000 of income Yor the nrnnerty will generate a profit of $19,691

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