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Example 2: You are buying a piece of land that costs $10000, its annual maintenance cost = SlOO/year. After 5 years you can sell it
Example 2: You are buying a piece of land that costs $10000, its annual maintenance cost = SlOO/year. After 5 years you can sell it for $20,000 a) Find its ROR on this investment; need exact value of ROR b) With the same original information above, find the lowest selling price that you can accept if you need to earn the return of 10% after keeping this land for 10 years
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