Business, 13.05.2021 22:00 anabelleacunamu
You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation home in Hawaii for $21,793 today and a maintenance fee of $678 per year starting next year. You expect to sell the time share in 8 years for $28,170. Alternatively you can just pay for the week vacation each year (starting next year). Each year will cost you $3,232.
If your investments earn 3.72% per year (compounded annually)how much do you save or lose by buying the time share in PV terms.
If you lose money, state your answer as a negative.
Answers: 1
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You would like to vacation in Hawaii for one week each year. You can buy a time share for a vacation...
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