Question: Suppose instead, the building will be sold at the end of 25 years for $50,000, Using $271,371.65 as the present value of the rental cash
Suppose instead, the building will be sold at the end of 25 years for $50,000, Using $271,371.65 as the present value of the rental cash flows, what is the most you would be willing to pay for the condo today? If the cash flows grow at 4% per year, the interest rate is 7%. (rounded to 2 decimal places).
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