PV for land value

Question

Aug 25, 2008, 01:41 AM

mohamedabaki

New Member

Join Date: Aug 2008

Posts: 1

PV for land value

I bought a land for total value of 20,932,410 EGP I paid 10% (2,094,447EGP)as 1st payment at the contract date ,the remaining amount will be paid by equel 7 instalment of 2,691,133EGP starting after 2 years of the contract date , the interest rate is 11%PA.

total value 20,932,410 EGP
1st payment 2,094,447 EGP
Year 1 no payment
year 2 no payment
year 3-9 equal instalment of 2,691,133 EGP
what will be the present value of this deal if the interest rate 11% PA

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