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You own a building that a local business wants to rent for the next 10 years. The business owner has offered to pay $40,000 today
You own a building that a local business wants to rent for the next 10 years. The business owner has offered to pay $40,000 today or pay $6,400 at the end of each of next 10 years. If your required rate of return is 10%, which payment schedule should you accept?
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