EBK ENGINEERING ECONOMY
EBK ENGINEERING ECONOMY
8th Edition
ISBN: 8220103675437
Author: Blank
Publisher: YUZU
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Chapter 1, Problem 17P

Determine the amount of money FrostBank might loan a housing developer who will repay the loan 2 years from now by selling eight water-view lots at $240,000 each. Assume the bank’s interest rate is 10% per year.

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