MACROECONOMICS TERM PAPER It must be typed, and may be single or double-spaced (although I greatly prefer double-spaced.)  It is to be approximately 750 words or more. Canvas will prompt you to submit
October 7, 2020
B) In the range of prices in which demand is elastic, total revenue will diminish as price decreases.
October 7, 2020
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A parking garage costing $20,000,000 will have an estimated net annual income of $2,000,000.

Please, kindly help me solve this homework question i really appreciate.

A parking garage costing $20,000,000 will have an estimated net annual income of $2,000,000. In 10 years it is estimated the garage can be sold for $15,000,000. what is the expected rate of return? Assume that the interest rate can be represented by the equation i=2.50 + 1.15n 0.5 (Where n=number of years) Would you consider selling the parking garage after 10 of operation a good investment decision? why?

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