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A property will provide $11,200 a year forever. If its value is-(Answered)

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A property will provide $11,200 a year forever. If its value is $128,000, what must be the?discount?rate? ?I am getting a rate of .0875%. ?Is this correct? ? 11,200/128,000 = .0875 = 9%

 

Paper#9255770 | Written in 27-Jul-2016

Price : $16
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