Question: Suppose a developer is interested in building a new apartment community. The developer s market research has determined that the target market segment potential in

Suppose a developer is interested in building a new apartment community. The developers market research has determined that the target market segment potential in year 1 consists of 100 households. The developer believes that the target market segment potential will grow by 6% annually over the next five years. If the developer projects a capture rate of 25% for each of the next five years, how many units does the developer plan on selling by the end of year 5?

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