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Solve it correctly. I will rate. A condominium generates $2,000/month rent, has $350/month in associated expenses, and can be sold in three years for $325,000.

Solve it correctly. I will rate.

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A condominium generates $2,000/month rent, has $350/month in associated expenses, and can be sold in three years for $325,000. If you are satisfied with a 6% return, compounded monthly, how much should you pay today for this property? $363,987 $305,851 $296,879 $325,807

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