A parcel of land in Newport Village, Port Moody, zoned to allow high-rises is for sale. Polygon wants to offer $38,718,107 (in today's money) but are only able to pay $25,000,000 now and will pay the rest in one year. How much do they have to pay in one year (interest rate is 8% effective j1 = 8% )?

Answer rating: 100% (QA)

Polygon is offering 38718107 for the property They can pay 25000000 n... View the full answer