Question
Stony Corporation is considering investing in a piece of land as an investment. They expect the value of the land to increase to $850,000 in
Stony Corporation is considering investing in a piece of land as an investment. They expect the value of the land to increase to $850,000 in five years. If they pay $600,000 now for the land, and want to make a yield rate (interest rate) of 12%, should they proceed with the purchase?
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
