Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years. If he wants an 18% interest on his investment after taking the 6% inflation rate into account, what must be his selling price? Select one: O a $ 126,884 O b. $ 122,461 O c.P 127,327 O d. $125,721
Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years. If he wants an 18% interest on his investment after taking the 6% inflation rate into account, what must be his selling price? Select one: O a $ 126,884 O b. $ 122,461 O c.P 127,327 O d. $125,721
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years. If he wants
an 18% interest on his investment after takıng the 6% inflation rate into account, what must be
his selling price?
Select one:
O a. $ 126,884
b. $ 122,461
O c. P 127,327
O d $125,721
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