A property that produces a net operating income of $20,000 per year was purchased for $190,000. The property is expected to be sold at the end of 4 years for $200,000.
Assume that the funds received from the property each year will be reinvested at a rate of 7%.
How do I calculate the future value using the above information?
The answer for FV is $309,365
If you can tell me how to do it on an HP12c or BAII Plus even better.