Question
An acre planted with walnut trees is estimated to be worth $115,000 in 20 years. If you want to realize a 32 percent rate of
An acre planted with walnut trees is estimated to be worth $115,000 in 20 years. If you want to realize a 32 percent rate of return on your investment, how much can you afford to invest per acre? (Ignore all taxes and assume that annual cash outlays to maintain your stand of walnut tree are nil.)
Question 14 options:
| $320.16 | |
| $283.54 | |
| $445.88 | |
| $428.50 |
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
