You are looking at investing in undeveloped land that you expect might be worth $1902621 in 5 years. Based on the risk of the property, you require a return of 10.58%. What is the most you should be willing to pay for it today? enter only numbers and decimals in your response. Round to 2 decimal places. Use your financial calculator.

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To calculate the present value you should be willing to pay for the undeveloped lan... View the full answer