Question
Say you buy an house as an investment for 300000$ (assume that you did not need a mortgage). You estimate that the house will
Say you buy an house as an investment for 300000$ (assume that you did not need a mortgage). You estimate that the house will increase in value continuously by 37500$ per year. At any time in the future you can sell the house and invest the money in a fund with a yearly interest rate of 6% compounded quarterly. If you want to maximize your return, after how many years should you sell the house? Report your answer to 1 decimal place. years =
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Get StartedRecommended Textbook for
Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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