Suppose a condo generates $13,000 in cash flow at the end of year one. If the cash flows grow at 3% per year, the intere

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answerhappygod
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Suppose a condo generates $13,000 in cash flow at the end of year one. If the cash flows grow at 3% per year, the intere

Post by answerhappygod »

Suppose a condo generates $13,000 in cash flow at the end of
year one. If the cash flows grow at 3% per year, the interest rate
is 11%, and the building will be torn down in 15 years (the
building is worthless after 15 years), what is the most you would
pay for the condo today?
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