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What is the reversionary right to life estate worth today

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Reference no: EM132975332

Question - There is a life estate on 160 acres of a 4,500 acre farm. The life estate property will have a real estate value in 13 years of $750,000. Actuarial tables indicate an expected life, or occupancy of the life estate for 13 years. At 8% interest, what is the reversionary right to the life estate worth today?

Reference no: EM132975332

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