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You have your eye on a piece of property, but it is not currently for sale. You have been told that the owner will be
You have your eye on a piece of property, but it is not currently for sale. You have been told that the owner will be interested in selling four years from now, when such a sale will be advantageous for tax reasons. A current appraisal values this land at $ and the property inflation rate is How much must you deposit today, in an investment fund that returns compounded daily, in order to finance this future purchase?
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