Question
You want to buy a parcel of land in an area of town in the direction of future development. The lot costs $55,000. The monthly
You want to buy a parcel of land in an area of town in the direction of future development. The lot costs $55,000. The monthly payments on a loan to buy the lot would be $805.76. If the bank is charging you 9% interest per year, how years will it be before you own the land, free and clear?
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
