Question
Owen expects to receive $28,000 after one year from a trust fund (this is his only source of income). If a bank loans money at
Owen expects to receive $28,000 after one year from a trust fund (this is his only source of income). If a bank loans money at an interest rate of 7.7%, how much money (in $) can he borrow today? (Round your answer to the nearest cent.)
$
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
