If a piece o property is expected to give benefits to ts owner of $8100 each year for a very long time (practically forever), what would be a good of the property's value, if the interest rate is 4.9%? Note: do not put in any dollar signs or commas in your answer.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
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If a piece of property is expected to give benefits to its owner of $8100 each year for a very long time (practically forever), what would be a good estimate
of the property's value, if the interest rate is 4.9%?
Note: do not put in any dollar signs or commas in your answer.
Answer:
Transcribed Image Text:If a piece of property is expected to give benefits to its owner of $8100 each year for a very long time (practically forever), what would be a good estimate of the property's value, if the interest rate is 4.9%? Note: do not put in any dollar signs or commas in your answer. Answer:
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