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Dave is considering purchasing a piece of land for $45,000. He thinks he can sell it for $98,000 in 5 years. If Dave requires a
Dave is considering purchasing a piece of land for $45,000. He thinks he can sell it for $98,000 in 5 years. If Dave requires a 9% return (compounded monthly), should he buy the property? What if he requires a 8% return compounded annually? O Yes, no O No, Yes No, No O Yes, Yes
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