Question
A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,600 for 10 years. The
A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,600 for 10 years. The loan rate is 4%. At the end of 10 years, he believes that he can sell the land for $80,000. If he is correct on the future price, did he make a wise investment?
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
