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I believe that I could sell it in 5 years for $2500/acre. I only wise to buy the property if the potential cash sales value
I believe that I could sell it in 5 years for $2500/acre. I only wise to buy the property if the potential cash sales value is greater than the future value. Make I decision by comparing the future value of the purchase price with the expected market value in 5 years. I only wish to buy the property if it earns an 8% rate of return, should I buy the property
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