At an interest rate what is the present worth of the deal

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Reference no: EM13258178

A firm leases land from you for 15 years to build a warehouse. As payment you will own the building after 15 years estimated to be worth $400k however you must pay taxes and maintenance of $15k per year. At an interest rate of 3% what is the present worth of the deal to you?

Reference no: EM13258178

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