Question
1:A real estate investor has purchased aproperty for $149748. If they require a return of 11.82%, how much must they sell the asset for in
1:A real estate investor has purchased aproperty for $149748. If they require a return of 11.82%,
how much must they sell the asset for in 8 years?
2:If you have $495 today and you think you can earn an interest rate of 6% per year,
how many years until you have $928?
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
To calculate the selling price of the asset in 8 years you can use the future value formula Futur...
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
