Purchased land along the southern oregon coast

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A speculator has purchased land along the southern Oregon coast. He has taken a loan with the? end-of-year payments of ?$7 comma 8007,800 for 1111 years. The loan rate is 4?%. At the end of 11 ?years, he believes that he can sell the land for ?$110,000. If he is correct on the future? price, did he make a wise? investment?

Reference no: EM131852607

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