The value of money to be received in the future is amount of money in hand today. the value of the same None of the above the same as lower than higher than NOI EGI Selling Price Property 1 82,000 122,000 1,250,600 Property 2 75,000 111,500 1,146,300 Property 3 94,000 140,000 1,433,600 Subject 60,000 108,000 ? Reference: Chart 1 What is the gross income multiplier? 6.54 15.15 8.70 10.25 An investor has an opportunity to purchase an investment that will provide $11,000 at the end of three years, and $50,000 at the end of five years. If the property is expected to be sold at the end of the sixth year for $100,000 and the investor requires a 12% rate of return, what amount should he or she pay for the investment today? $161,000 $50,663 $81,568 $86,864