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You are looking at investing in undeveloped land that you expect might be worth $ 2 0 9 2 7 2 4 in 5 years.

You are looking at investing in undeveloped land that you expect might be worth $2092724 in 5 years. Based on the risk of the property, you require a return of 8.40%. What is the most you should be willing to pay for it today? enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calcuator.

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