Question: A development firm is pulling together a land assemblage which they intend to re-zone to develop mixed use development. You have agreed that the value

A development firm is pulling together a land assemblage which they intend to re-zone to develop mixed use development. You have agreed that the value of your parcel is worth $125,000 today and you negotiated an arrangement to receive 5% interest compounded monthly until the re-zoning is complete and the final closing takes place. If this process takes 4 years, what should the developer pay you for your property?

PV:

PMT:

FV:

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