An investor bought a land for $23,000 he paid $1,200 each year (END OF YEAR) for the first four y...

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An investor bought a land for $23,000 he paid $1,200 each year (END OF YEAR) for the first four y...

An investor bought a land for $23,000 he paid $1,200 each year (END OF YEAR) for the first four years to plant olive trees in the land. Also, he invested $8,000 during the fourth year for building a fence around it. From fifth year through fifteenth year he will collect $550 each month. At the end of the fifteenth year the land will be sold for $33,000.

1. Evaluate the IRR for this project

2. Show the future worth of this project if MARR is 12%.

business economics

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Q1. An investor bought a land for $23,000 he paid S1,200 each year (END OF YEAR) for the first fo...

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An investor bought a land for $23,000 he paid $1,200 each year (END OF YEAR) for the first four y...