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addisonrausch
21.12.2020 •
Business
You purchase a parcel of land today for $50,000. For how much will you have to sell the property in 15 years to earn a 10 percent annual return on both your initial $50,000 outlay and the expected annual payment of $1,000 for property taxes and insurance?
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Ответ:
$240,634.89
Explanation:
Calculation for how much will you have to sell the property in 15 years to earn a 10 percent annual return
Using financial calculator to find the Face value
N = 15 years
I = 10%
PV = - 50,000
PMT = - 1000
FV = ??
FV = $240,634.89
Therefore how much will you have to sell the property in 15 years to earn a 10 percent annual return is $240,634.89
Ответ: