If he is correct on the future price did he make a wise, Finance Basics

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If he is correct on the future price did he make a wise

Future value - A speculator has purchased land along the southern Oregon coast. He has taken a loan with the end-of-year payments of $7,200 for 9 years. The loan rate is 4%. At the end of 9 years, he believes that he can sell the land for $60,000. If he is correct on the future price, did he make a wise investment? What is the future value of the loan 9 years from now?

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Finance Basics: If he is correct on the future price did he make a wise

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Finance Basics: If he is correct on the future price did he make a wise

Reference No:- TGS0601061

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A 10ko potentiometer sensor is used to measure displacement

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Ask an Expert for Answer!!

Finance Basics: If he is correct on the future price did he make a wise

Reference No:- TGS0601061

Recent Questions Asked Finance Basics

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