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What is the pv of all the future property tax payments

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Property taxes in DeKalb County are roughly 2.66% of the purchase price every year. If you just bought a $100,000 home, what is the PV of all the future property tax payments? Assume that the house remains worth $100,000 forever, property tax rates never change, and that a 9% interest rate is used for discounting.

Reference no: EM131126468

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