What is the maximum you should pay for the property

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Your grandparents left you some rental property that iwll generate $10,000 a year for five years, then $12,000 for the next 5 years, and then you plan on selling it at the end of 10 years for $100,000. If you can earn 10% on your funds, what is the maximum you should pay for the property?

Reference no: EM131303395

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