Question: Please give me a step by step formula without the use of a financial calculator 24. What is the most you'd pay for a property

Please give me a step by step formula without the use

Please give me a step by step formula without the use of a financial calculator

24. What is the most you'd pay for a property today if you want to sell it in 5 years for $5 million and you require a 10 percent annual return on your investment? (Assume you earn no income on the property.) Assume you can earn income of $100,000 per year on the property in question 25. What is the most you'd pay for the property if you still required a 10 percent return? 25

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