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You can buy property today for $3.6 million and sell it in 5 years for $4.6 million. If the interest rate is 9%, what is

You can buy property today for $3.6 million and sell it in 5 years for $4.6 million.

If the interest rate is 9%, what is the present value of the sales price?

what is the present value of the future cash flows, if you also could earn $260,000 per year rent on the property?

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