Your client wants $ 180,000 of the proceeds from the sale. You know that the seller will
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Your client wants $ 180,000 of the proceeds from the sale. You know that the seller will not buy another property and that he will invest the proceeds of the sale. His house is fully paid and the return on his investment will bear a rate of 4% compounded monthly. You present a promise to purchase with net proceeds of $ 175,271. If he invested his money now, he would get the desired amount in how many months.
Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
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