Question
You have agreed to purchase a real estate today for $25,000. You expect to hold the property for 6 years and then sell it.
You have agreed to purchase a real estate today for $25,000. You expect to hold the property for 6 years and then sell it. You expect the property to increase in value 12% per year, compounded annually. For how much should you be able to sell the property in 6 years? FV=? N PV PMT FV ?
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