You are considering buying land near Orlando.  Once bought, you can divide the land into 2 lots. You estimate u could sell one of the lot two years from now for $550,000 and then the other lot 4 years from now for $750,000. You can earn an annual return of 12%, compounded annually, on money invested today in other real estate ventures.  

 

What is the most you should pay for the land today?

Answer rating: 100% (QA)

To determine the most you should pay for the land today you ca... View the full answer