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An investor has an option to purchase a tract of land that will be worth $10,000 in six years. if the value of the land increases at 8% each year, how much should the investor be willing to pay now for this property

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LIEZADUBLADAGO

Answer:

14,800

every year the $10,000 has 8% interest, or $800 to be added in $10,000

and in 6 years 8% or 800×6 years=4,800

4,800+$10,000 worth of land is= 14,800

eyh I'm not good on explanation

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