1. You are thinking of buying a six-acre lot for $70,000. The lot will be worth $100,000 in 5 years.(12 total points,6point each) A.Should you buy the lot if i (the interest rate)= 0.05? B. Should you buy it if I = 0.10?

1. You are thinking of buying a six-acre lot for $70,000. The lot will be worth $100,000 in 5 years.(12 total points, 6 point each) A.Should you buy the lot if i (the interest rate) =0.05 ? B. Should you buy it if I=0.10