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A warehouse building was purchased 10 years ago for $250,000. Since then, the effective annual interest...

A warehouse building was purchased 10 years ago for $250,000. Since then, the effective annual interest

rate has been 8%, inflation has been steady at 2.5%, and the building has had no deterioration or decrease in utility. What should the warehouse sell for today?

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Answer #1

The Warehouse should be sell for $690,900

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