One real estate sales technique is to encourage customers or clients to buy today because the value
Question:
a. Should the buyer purchase the land now or in two years?
b. What are some of the problems with waiting to buy land?
c. What are some of the advantages of waiting?
d. Lots in a new subdivision sell for $15,600. Assuming that the price of the lot does not increase, how much would you need to invest today at 8% compounded quarterly to buy the lot in one year?
e. 1. You have inherited $60,000 and plan to buy a home. If you invest the $60,000 today at 5%, compounded annually, how much could you spend on the house in one year?
2. If you intend to spend $60,000 on a house in one year, how much of your inheritance should you invest today at 5%, compounded annually? How much do you have left to spend on a car?
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Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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