Business, 14.04.2020 22:03, sydchann5220

Farmer Jones bought his farm for $75,000 in 1975. Today the farm is worth $500,000, and the interest rate is 10 percent. ABC Corporation has offered to buy the farm today for $500,000 and XYZ Corporation has offered to buy the farm for $530,000 one year from now. Farmer Jones could earn net profit of $15,000 (over and above all of his expenses) if he farms the land this year. What should he do?

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Farmer Jones bought his farm for $75,000 in 1975. Today the farm is worth $500,000, and the interest...