In a book "Real Estate Investing" by Benedetto Manganelli, there is a formula for demand price for real estate:

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How this formula was derived and what does the n subscript signify? Is it years or does n approach infinity?

  • 1
    That formula is similar to the formula for discounted cash flow (DCF).
    – Flux
    Sep 24 '21 at 7:40

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