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You are considering purchasing a house for $ 3 0 0 , 0 0 0 and renting it out. The house is expected to generate
You are considering purchasing a house for $ and renting it out. The house is expected to generate $ in
annual rental income. The operating expenses, including maintenance and property taxes, are estimated to be $
per year. You plan to hold the property for years and then sell it for $ Assume a discount rate of What is
the Net Present Value NPV of this investment?
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