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You are looking at investing in a real estate property that you expect might be worth $1,897,532 in 9 years. Based on the ris
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Answer #1

Amount willing to pay today

= (1/(1.0929)^9) * $1,897,532

= $853,031.91

1/(1.0929)^9 is the present value factor at the rate of 9.29% at 9th year

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