Question
1. Assume you are currently working in a government job that pays $20,000/year and you have $40,000 in an account earning10%interest. You have the opportunity
1. Assume you are currently working in a government job that pays $20,000/year and you have $40,000 in an account earning10%interest. You have the opportunity to buy a fruit orchard that produces $23,000/year in revenue for a price of $50,000. You have always wanted to work in the fruit industry. Should you buy the orchard? Explain.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
