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Suppose a developer is interested in building a new apartment community. Through her market research, the developer has determined that the target market segment potential
Suppose a developer is interested in building a new apartment community. Through her market research, the developer has determined that the target market segment potential in year 1 consists of 100 households. The developer believes that the target market segment potential will grow by 10% annually over the next five years. If the developer projects a capture rate of 20% for each of the next five years, how many units does she plan on selling by the end of year 5? (Must show all work)
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