Business, 05.11.2020 19:20, 314180

If a landowner purchased a vacant lot six years ago for $25,000, assuming no income or holding costs during the interim period, what price would the landowner need to receive today to yield a 10% annual return on the land investment? a. $40,262.75.
b. $41,132.72.
c. $44,289.03.
d. $64,843.563.

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If a landowner purchased a vacant lot six years ago for $25,000, assuming no income or holding costs...