Business, 30.03.2021 19:00 christianmcafee
Carey Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carey wishes to sell the land now. It has located two potential buyers. Buyer A, who is willing to pay $850,000 for the land now, or Buyer B, who is willing to make 20 annual payments of $90,000, with the first payment to be made at the end of the year. Assuming that the appropriate rate of interest is 9%, who should Carey sell the land. Show calculations.
Answers: 1
Business, 22.06.2019 04:00, 702580
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Carey Company owns a plot of land on which buried toxic wastes have been discovered. Since it will r...
Mathematics, 05.07.2019 22:30