Wooden statue of a conquistador

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Reference no: EM131973417

1. Lance Murdock purchased a wooden statue of a Conquistador for $ 7700 to put in his home office 8 years ago. Lance has recently? married, and his home office is being converted into a sewing room. His new? wife, who has far better taste than? Lance, thinks the Conquistador is hideous and must go immediately. Lance decided to sell it on? e-Bay and only received ?$5400 for? it, and so he took a loss on the investment. What was his rate of? return, that? is, the value of i??

2. If you are offered $360000 in 14 years and you can earn 14 percent on your? money, what is the present value of $360000??

Reference no: EM131973417

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Wooden statue of a conquistador : Lance Murdock purchased a wooden statue of a Conquistador for $ 7700 to put in his home office 8 years ago.

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