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Trends in property values in a local market indicate a vacant site will be worth $100,000 in five years. How much can you afford
Trends in property values in a local market indicate a vacant site will be worth $100,000 in five years. How much can you afford to pay for the site today if property taxes are expected to be $2,000 per year and you want to achieve a 14 percent return on your investment? Assume property taxes will be the only carrying cost. Ignore any potential income tax effects. $3,967 $179,321 $45,070 $58,803 None of the selections is within a $1 of the correct answer
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