Question
You just purchased a parcel of land for $87,000. To earn a 13% annual rate of return on your investment, how much must you sell
You just purchased a parcel of land for $87,000. To earn a 13% annual rate of return on your investment, how much must you sell the land for in 6 years? Assume annual compounding. (Round to nearest penny, e.g. 1234.56)
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Financial Mathematics
Authors: Cacildo Marques
1st Edition
8741574710, 979-8741574713
