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QUESTION
A piece of rental property will generate $10000 a year for five years,$ 12000 for the next five years, and then be sold at the end of the tenth year...
A piece of rental property will generate $10000 a year for five years,$ 12000 for the next five years, and then be sold at the end of the tenth year for $100000. If you can earn 10 percent on yours funds, what is the maximum you should pay for the property?
