Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The current market value of a real estate lot in Quezon City is about ₱ 40,000 per square meter. Moreover, market prices are expected to increase by 6% every year. Meanwhile, a special deposit account is offering to pay an interest rate of 7% compounded quarterly. How much should you invest now in order to be able to buy a 400 square meter lot 10 years from now?

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