Business, 24.06.2021 21:40 bentleyking1k
Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7 comma 000 for 8 years. The loan rate is 5 %. At the end of 8 years, he believes that he can sell the land for $50 comma 000 . If he is correct on the future price, did he make a wise investment?
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Future value. A speculator has purchased land along the southern Oregon coast. He has taken a loan...
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