value property?

2 ⤊

A property produces a net operating income of $20,000 in year 1, $30,000 in year 2, and $45,000 in years 3 to 6. The resale price is estimated using a terminal capitalization rate of 8.5% applied to the sixth year NOI. What is the value of the property using a 10.5% discount rate?
A.$502,634
B.$424,337
C.$468,892
D.$454,872

2006-10-29 07:58:49 · 2 answers · asked by pretty smile 2 in Business & Finance ➔ Renting & Real Estate

2 answers

D.
Taking an appraisal licensing exam?

2006-10-29 16:17:04 · answer #1 · answered by tianaramal 4 · 0⤊ 0⤋

Please tell me you're not taking your license exam and texting this through your phone right now.......

2006-10-29 08:47:05 · answer #2 · answered by teran_realtor 7 · 2⤊ 0⤋