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Business, 24.06.2021 21:40 bentleyking1k

Future value.   A speculator has purchased land along the southern Oregon coast. He has taken a loan with the​ end-of-year payments of ​$7 comma 000 for 8 years. The loan rate is 5 ​%. At the end of 8 ​years, he believes that he can sell the land for ​$50 comma 000 . If he is correct on the future​ price, did he make a wise​ investment?

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Future value.   A speculator has purchased land along the southern Oregon coast. He has taken a loan...

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