End of Chapter 18 Questions and Answers

What is the present value of an offer of $15,000 one year from now if the opportunity cost of capital (discount rate) is 12% per year simple interest? ... $161,944.80 = $681.52 times 360 less $75,000. ... A tenant offers to sign a lease paying a rent of $1,000 per month, in advance (i.e., the rent will be paid at the beginning of each month ... ................
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