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What is the present value of the estimated income stream

You are evaluating an income generating property. Net rent is received at the end of each year. Last rent of $8,500 was just paid, and rent is expected to increase 7% each year. What is the present value of the estimated income stream over the first 5 years if the discount rate is 12%?

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Finance Basics: What is the present value of the estimated income stream

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