Question: A developer wishes to construct a building as an office rental property. the building will cost $5 million. Rental income is forecasted a $0.75 million

A developer wishes to construct a building as an office rental property. the building will cost $5 million. Rental income is forecasted a $0.75 million annually. The developer wants to sell the building in 5 years. how much will the selling price need to be for a $2 million profit if the annual interest is 7%? The construction time frame is 1 year.

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