A real estate development company is planning to build five homes, each costing $165,000, in 2 1 2 years. The Galaxy Bank pays 6% interest
A real estate development company is planning to build five homes, each costing $165,000, in 2
| 1 |
| 2 |
years.
The Galaxy Bank pays 6% interest compounded semiannually. How much (in $) should the company invest now to have sufficient funds to build the homes in the future?
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Authors: Louis C. Gapenski
4th Edition
1567932800, 978-1567932805
