Question
A farmer sows a certain crop. It costs $360,000 to buy the seed, prepare the ground, and sow the crop. In one years, time it
A farmer sows a certain crop. It costs $360,000 to buy the seed, prepare the ground, and sow the crop. In one years, time it will cost $120,000 to harvest the crop. If the crop will be worth $400,000, and the interest rate is 8%, what is the net present value (NPV) of this investment?
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
