How much can you afford to invest per acre

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Reference no: EM131338240

An acre planted with walnut trees is estimated to be worth $12,000 in 25 years. If you want to realize a 15 percent rate of return on your investment, how much can you afford to invest per acre?

(Ignore all taxes and assume that annual cash outlays to maintain your stand of walnut trees are nil.)

Reference no: EM131338240

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