Buying a Vacation me a ns buying the the man will buy back your timeshare, or 1400 years as a restate comp carpety d ende . S e that you pay $700 for you a $1400 bond The deception that the bo t teemat any). Roundur er mere cant) the receiveone-baru a rs in the ar t istin atatime value Need Help? Buying a "vacation timeshare means buying the right to use a vacation property for a wed period each year. Suppose that you pay $700 for a vacation timeshare and receive a 'money back guarantee that at any time the company will buy back your timeshare, or if not give you a $1400 bod. The deception, however, is that the bond is not redeemable for 45 years. Find the real value of the water that is find the present value of $1400 in 45 years (assume a interest rate compounded annua) (Round your answer to the nearest cent.) Need Help? Submit A Practice Another Version