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You lease a land to a bank that promises to pay you $72,000 per year and increase the rent by a fixed rate of 1.5%

You lease a land to a bank that promises to pay you $72,000 per year and increase the rent by a fixed rate of 1.5% every year for next 5 years. What is the value of rental income that you expect to generate? Appropriate discount rate is 3%

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