Question
A speculator has purchased land along the southern Oregon coast. He has taken a loan with the?end-of-year payments of ?$ 8,000 for 9 years. The
A speculator has purchased land along the southern Oregon coast. He has taken a loan with the?end-of-year payments of ?$8,000 for 9 years. The loan rate is 7?%. At the end of 9 ?years, he believes that he can sell the land for ?$100,000. If he is correct on the future?price, did he make a wise?investment?
What is the future value of the loan 9 years from?now?
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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
