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Should you purchase the following property if the asking price is $250,000 and your required rate of return is 9%? Why? Year 1 2 3

Should you purchase the following property if the asking price is $250,000 and your required rate of return is 9%? Why?

Year 1 2 3 4

Rental Payments (Year 1) $2000, (Year 2) $1200, (Year 3) $2200, (Year 4) $5000

Sale Price = $300,000

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