Problem
Contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology A firm is buying an adjacent 1000-acre parcel for a future plant expansion. The price has been set at $30,000 per acre. The payment plan is 25% down, and the balance 2 years from now. If the transaction interest rate is 12% per year, what are the two payments?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.