Mr fancyman has consulted you as a broker

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Reference no: EM132502655

An investor bought a plot of land at the cost of ¢1,500,000 in 1998.

He immediately executed site works at a cost of ¢450,000. He has now decided to sell the property and considers it to be an 8% venture. Advice on the minimum selling price of the property.

4) Mr Fancyman has consulted you as a broker. According to him, he wants to invest in a pension fund and has ¢1,500,000 to invest. If the return on capital is 20% per annum, advise Mr. Fancyman on the income to be earned annually for 4 years if he ultimately buys the investment.

Reference no: EM132502655

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