A land development company is considering the purchase of a building for $200,000, They estimate that they will receive
Posted: Wed Mar 09, 2022 8:43 am
A land development company is considering the purchase of a
building for $200,000, They estimate that they will receive $35,000
at the end of each year for the next 10 years. The investment will
be worth nothing after maturity. What will be the rate of return
for the investment compounded annually?
building for $200,000, They estimate that they will receive $35,000
at the end of each year for the next 10 years. The investment will
be worth nothing after maturity. What will be the rate of return
for the investment compounded annually?