What sum should he offer based on an interest rate

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Question - John is entitled to the fee simple (ownership) of a property with a current market rental value of $6,000 per annum, in advance, upon the death of Jack. Jack is 63 years old and has a life expectancy of 12 years. John would like possession of the property today. What sum should he offer based on an interest rate of 9.5%?

Reference no: EM133162303

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