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Problem 3-33 Txtbk: Engineering Economic Analysis 14th ed. Donald G. Newman A firm paid $160,000 for a building site two years ago. It is now
Problem 3-33
Txtbk: Engineering Economic Analysis 14th ed. Donald G. Newman
A firm paid $160,000 for a building site two years ago. It is now worth $200,000, and the firm's plans have changed so that no building is planned. The firm estimates that the land will be worth $240,000 in four years. If the firm's interest rate is 5%, what should it do
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