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Real Estate Finance & Investments 15th Edition by William Brueggeman, Jeffrey Fisher
Edition 15ISBN: 978-0073377353Real Estate Finance & Investments 15th Edition by William Brueggeman, Jeffrey Fisher
Edition 15ISBN: 978-0073377353 Exercise 8
An investor can make an investment in a real estate development and receive an expected cash return of $45,000 at the end of six years. Based on a careful study of other investment alternatives, she believes that a 9 percent annual return compounded quarterly is a reasonable return to earn on this investment. How much should she pay for it today
Explanation
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PV of an investment proposal can be defi...
Real Estate Finance & Investments 15th Edition by William Brueggeman, Jeffrey Fisher
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