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You are thinking about renting out your condo rather than selling it. You can get $200,000 if you sell your condo to an eager buyer today, but only $100,000 if you wait to sell it. You expect to earn $5,000 per month (including all expenses) at a discount rate of 12%. What is the minimum number of months you need to rent it out for this to be an acceptable investment?

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Financial Management, Finance

Category:- Financial Management
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