Question
Suppose a condo generates $8,500 in cash flow in the first year. If the cash flows grow at 2% per year, the interest rate is
Suppose a condo generates $8,500 in cash flow in the first year. If the cash flows grow at 2% per year, the interest rate is 7%, and the building lasts forever, what is the present value of the condo's cash flow?
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
