Akbar and Ahmed are newly purchase a shop for OMR 80,000 in Oman in city mall, muscat. Since the shop is very small, they planning to move in a big shop in 7 years. How much will their small shop worth in 7 years if inflation is expected to be 9%? Justify your answer, will you suggest or not to buy big shop in next 5 years in city mall?

Akbar and Ahmed are newly purchase a shop for OMR 80,000 in Oman in city mall, muscat. Since the shop is very small, they planning to move in a big shop in 7 years. How much will their small shop worth in 7 years if inflation is expected to be 9%? Justify your answer, will you suggest or not to buy big shop in next 5 years in city mall?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 8E

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