Question
A movie star purchased an apartment in the exclusive Dakota building in NY for $37,000 in 1970. How much will the apartment be worth in
A movie star purchased an apartment in the exclusive Dakota building in NY for $37,000 in 1970. How much will the apartment be worth in 2016 (46 years later) if the price appreciated by 6.3% per year? Calculate your answer to the nearest dollar.
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
