A company invests $100,000 in property. The company has a contract to sell it for $120,000 in

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A company invests $100,000 in property. The company has a contract to sell it for $120,000 in one year. The bank has a guaranteed interest rate of 10 percent. What is the net present value of the company's investment in the property?

a. $110,000

b. $10,000

c. $109,091

d. $9,091

Related Book For answer-question

Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Posted Date: Mar 02, 2019 09:06 AM

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A company invests $100,000 in property. The company has a contract to sell it for $120,000 in

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d 9091 NPV 100000 1200001... View the full answer

Bank Management

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