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Janine will earn $100,000 in income this year, and next year. She has an opportunity to invest in some land for $70,000, and is certain
Janine will earn $100,000 in income this year, and next year. She has an opportunity to invest in some land for $70,000, and is certain the land will be worth $75,000 next year. She could also invest in the stock market and generate a return of 10%.
Which investment opportunity is better? How much money will she have to consume in Year 2?
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