i have to find the value that should be assigned to a property,

timer Asked: Feb 18th, 2015

Question Description

I’m trying to study for my Statistics course and I need some help to understand this question.

president bought two acres of land for 200,000 then years ago. It is zoned for commercial use however,  it holds eight small single family houses.  a property management firm want to continue to lease the houses and offered 400,000 for the property. A developer wants to build a 12 story apartment on the site and offers 600,000. what value should be assigned to the property

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