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(Present Value Tables Required)Income from an Apartment Building You Own

Question 96

Multiple Choice

(Present value tables required) Income from an apartment building you own totals $260,000 per year.You plan on selling the building and retiring to France in 12 years.Assuming you can invest the income from the building each year at 3%,how much money will you have on which to retire?


A) $3,330,080
B) $4,060,680
C) $3,689,920
D) $2,558,040

Correct Answer:

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