Question: Please answer only using Excel! 4. What is the present value of $650 received for the next four years and $3,000 received at the end
4. What is the present value of $650 received for the next four years and $3,000 received at the end of the fifth year if your required return is 8% ? 5. Assuming no income or holding costs during the period, if you purchased a vacant parcel of land eight years ago for $2,600,000, how much would you have to sell it for to yield a 10% annual return on your investment
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