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A rental asset is expected to yield $2,000 per year in income after all expenses, for...

A rental asset is expected to yield $2,000 per year in income after all expenses, for each of the next ten years. It is also expected to have a resale value of $25,000 in ten years. How much can be paid for this asset now if a 12% annual compound interest rate of return is desired?

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Answer #1

I have done both considering rent at the start of the year and at the end of year

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