Question
A real estate developer offers to sell you some prime real estate for $519,000 today. You agree to pay $258,000 in exactly 11 months and
A real estate developer offers to sell you some prime real estate for $519,000 today. You agree to pay $258,000 in exactly 11 months and the remaining balance in exactly 20 months from today when you expect to receive some cash from a different investment. How much will you need to pay the developer in 20 months if the interest rate is 10.0% per annum compounding monthly (rounded to the nearest dollar; dont show $ sign or commas)?
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Full IFRS And IFRS For SMEs Adoption By Private Firms Empirical Evidence On Country Level
Authors: Maximilian Saucke
1st Edition
363166298X,3653055318
