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You are thinking about buying an apartment building that you think will give you net income of $2111 per month. You plan to hold it

You are thinking about buying an apartment building that you think will give you net income of $2111 per month. You plan to hold it for 9 years and you think you could sell it for $999999 at that time. If the required return is 9%, how much should you be willing to pay for the building today? Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate. (hint: There is both an annuity (the monthly payments) and a lump sum (the selling price). Find the present value of each and add them together.)

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