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Present Value [2937] |
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An apartment has net operating income for $500,000 per year. It is expected to sell at the end of the 10th year for $6,000,000. Assume a discount rate of 9%. What is the property worth now?
Assume a sale price of $5,000,000 and a 75% loan at 10% for 20 years, answer the next 5 questions.!
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