Question
You are evaluating an income generating property. Net rent is received at the end of each year. Last rent of $8,500 was just paid, and
You are evaluating an income generating property. Net rent is received at the end of each year. Last rent of $8,500 was just paid, and rent is expected to increase 7% each year. What is the present value of the estimated income stream over the first 5 years if the discount rate is 12%?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
