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Your firm, Northern Colorado Real Estate Inc., is projected to receive a monthly payment of $145,000 from various rental properties for the next 5 years.
Your firm, Northern Colorado Real Estate Inc., is projected to receive a monthly payment of $145,000 from various rental properties for the next 5 years. If the interest rate is 5.2 percent:
a) How much are payments worth if you were to receive payments at the start of each month?
b) How much are payments worth if you were to receive payments at the end of each month?
c) Briefly explain when and why you would like to receive monthly payments from your tenants?
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