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Posted on Sep 04, 2024

Your father will convey a property to you in 1 5 years. If the property is expected to be worth $ 6 0 0 ,

Your father will convey a property to you in

15

years. If the property is expected to be worth $

600, 000

when you receive it

,

what is the present value of the property? Your discount rate is

6 % .

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