You sell a property for $140,000 that you purchased for $65,000. You choose to 1031 exchange the proceeds instead of paying capital gain taxes today at the rate of 34%. If you invested the money you would have paid in taxes for 30 years at 12%, how much money would you have?
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Answer for 09/22/2014 problem:
(I=15,PV=0,PMT= -100,FV=100,000) N= 209.51