Business, 10.08.2021 01:50 sksksksksk1

$100,000 of excess cash and is considering the purchase of some real estate. The land will cost your firm $100,000 today, but you hope that in a year its value will have increased because of a new shopping mall being built nearby, and you plan to sell it for a profit. Your banker tells you that the annual rate of interest being offered to savers is 12%. What price must you receive for the land next year for this investment to be profitable

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$100,000 of excess cash and is considering the purchase of some real estate. The land will cost your...

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