Ms. R. Emm has purchased land for $90,000 in cash today and another $45,000 four years from
Question:
Ms. R. Emm has purchased land for $90,000 in cash today and another $45,000 four years from today. Interest rates over a four-year period are currently 8 percent, compounded semiannually. Calculate the cash value of the property.
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Related Book For 
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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