A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property

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A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property is sold after 5 years. What is its minimum price to breakeven with interest at 10%?

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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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Question Posted: May 24, 2016 07:10 AM

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A piece of property is purchased for $10,000 and yields a $1000 yearly net profit. The property

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F 10000 FP 10 51000 FA 1...View the full answer

Engineering Economic Analysis

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