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apparently $1,359,032 is incorrect? If you could show work please and thank you What...

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Accounting

imageapparently $1,359,032 is incorrect? If you could show work please and thank you

What is the present value of a rental property if you paid $1,000,000 to buy the property and you received 20 annual rental income payments of $100,000 ? Assume investors expect a 4% rate of return and the property has no value after 20 years. $1,359,032 $1,000,000 $359,032 $786,688

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