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can someone show me step by step how S10 becomes 2,139,288 To answer the question in this part b., we need to find the future
can someone show me step by step how S10 becomes 2,139,288 
To answer the question in this part b., we need to find the future value of land before capit gain tax. Let it be S10. This means, we must have 1 S10 - (S10 - $900,000 X X 50% = $1,829,466 which gives S10 = $2,139,288 Step by Step Solution
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Numerical Techniques In Finance
Authors: Simon Benninga
1st Edition
0262022869, 978-0262022866
