You plan to buy some undeveloped land that should sell for $180,000 in three years. What is the most you can pay to ensure a 12% annual return?
You plan to buy some undeveloped land that should sell for $180,000 in three years. What is the most you can pay to ensure a 12% annual return?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 22P
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You plan to buy some undeveloped land that should sell for $180,000 in three years. What is the most you can pay to ensure a 12% annual return?
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