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What is the maximum you should pay for the property

Problem:

A piece of rental property will generate $10,000, a year for five years, $12,000 for the next five years, and then be sold at the end of the tenth year for $100,000. If you can earn 10 percent on your funds, what is the maximum you should pay for the property?

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Finance Basics: What is the maximum you should pay for the property

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Finance Basics: What is the maximum you should pay for the property

Reference No:- TGS02035546

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