If income taxes amount to 15 of the capital gain at what


Sally Seashell bought a lot at the Salty Sea for $18,000 cash. She does not plan to build on the lot, but instead will hold it as an investment for 10 years. She wants a 10% after-tax rate of return after taking the 6% annual inflation rate into account. If income taxes amount to 15% of the capital gain, at what price must she sell the lot at the end of the 10 years?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If income taxes amount to 15 of the capital gain at what
Reference No:- TGS02606368

Expected delivery within 24 Hours