Question: Please represent values accordingly ( Rate , Nper, PMT PV etc...). 1. Your neighbor approaches you and offers to sell you some of his land.

Please represent values accordingly ( Rate , Nper, PMT PV etc...).

1. Your neighbor approaches you and offers to sell you some of his land. You believe that the profit you can make on this land is $25,000 per year in year 1, but you believe the profits will decline 1% per year. The interest rate is 4%. How much would you be willing to bid for the land

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