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Today Peter bought an apartment which he will rent. The market price which he paid for this apartment is 5 0 0 , 0 0

Today Peter bought an apartment which he will rent. The market price which he paid for this apartment is 500,000. Every year he will receive 35,000 from renting the apartment. Moreover, each year the price of the apartment will increase by 30,000. An alternative to investing in the apartment is to buy bonds that pay 10% annually. After how many years Peter should sell the apartment? 
 
  

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