What is the maximumyousould pay for the property

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Reference no: EM131301972

Your grandparnets left you some rental property that will gnerate $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 percent on your funds, what is the maximumyousould pay for the property?

Reference no: EM131301972

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