Question
Suppose you were selling your home. A buyer has offered to pay you $115,000 now and another $85,000 in 2 years. What is the value
Suppose you were selling your home. A buyer has offered to pay you $115,000 now and another $85,000 in 2 years. What is the value today of the payment received in 2 years, given your required rate of return is 7 percent?
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Essential Finance Guide
Authors: DK Publishing
1st Edition
078948157X, 978-0789481573
