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The Financial Partners company is considering selecting Project X. The company expects the project will produce a one-time benefit of $850,000 two years from now.
The Financial Partners company is considering selecting Project X. The company expects the project will produce a one-time benefit of $850,000 two years from now. The interest rate at a local bank is 9% per year. How much would need to be invested in the bank now to obtain the same benefit?
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
