MAI Practice Questions - MAI Appraisal Institute Designation Exam

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An office property generates first-year NOI of $500,000 and is expected to grow at 3% annually. If the discount rate (yield rate) is 9%, what value does the constant-growth (Gordon) model indicate?

$$5,555,556 $$8,333,333 $$8,591,667 $$5,882,353

Correct Answer:

$$8,333,333

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