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You are evaluating an income generating property. Net rent is received at the beginning of each year for 30 years. The first year's rent is
You are evaluating an income generating property. Net rent is received at the beginning of each year for 30 years. The first year's rent is expected to be $10,500, and rent is expected to increase 3% each year. The discount rate is 10%. Find the value of the stream of rent payments.
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