Question
A company charges $360,000 for newly built homes and guarantees a yearly rent of $2,000 to be paid at the end of each year for
A company charges $360,000 for newly built homes and guarantees a yearly rent of $2,000 to be paid at the end of each year for two years and commits to buy back the home for $450,000 at the end of 2 years. Considering the interest rate is 12%, is it a good investment to buy this house?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
