A piece of property is purchased for $25,000 and yields a $1500 yearly net profit. The property is sold after 10 years. What is its minimum price to break even with interest at 8%? 68 9. Analyze Problem 9-68 again with the following changes: 69 (a) What if the property is purchased for $12,000? (b) What if the yearly net profit is $925? (c) What if it is sold after 7 years? (d) What if (a), (b), and (c) happen simultaneously?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Answer question 9.69 using excel and show steps clearly please
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9.
69
Analyze Problem 9-68 again with the following changes:
(a) What if the property is purchased for $12,000?
(b) What if the yearly net profit is $925?
(c) What if it is sold after 7 years?
(d) What if (a), (b), and (c) happen simultaneously?
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A piece of property is purchased for $25,000 and yields a $1500 yearly net profit. The property is sold after 10 years. What is its minimum price to break even with interest at 8%?
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Transcribed Image Text:Esc Snipping Tool + New 9. 69 Analyze Problem 9-68 again with the following changes: (a) What if the property is purchased for $12,000? (b) What if the yearly net profit is $925? (c) What if it is sold after 7 years? (d) What if (a), (b), and (c) happen simultaneously? 48°F Cloudy 9- A piece of property is purchased for $25,000 and yields a $1500 yearly net profit. The property is sold after 10 years. What is its minimum price to break even with interest at 8%? 68 A G ! 10 Q A e -- Z ] ][ 2 W S X # 3 E D $ 4 C R F HOLOC 1007 DI 15 de in % 5 T V G A 6 Y B * 46 H & 7 PrtSen U N * 8 Homes 1 M ( 9 K End O ) 0 P PgDn - QO J POD + 12:42 PM 10/28/2022 *** ?
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