Question
You figure that a land Lord can sell an a apartment for $1,250 monthly payment for 30-year , if the discount rate that you accept
You figure that a land Lord can sell an a apartment for $1,250 monthly payment for 30-year , if the discount rate that you accept in investing your money is 6.5 percent compounded monthly. How much you can accept to pay today as a price for the apartment instead of the installment?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
