Business, 09.12.2021 06:50 Dee1738

A Stadium was completed in 1956 at a cost $1.2M. At the same time as the completion of the stadium, a gift of $1.2M was given for a future replacement. A new stadium is being considered for 2021 (56 years later). Inflation has been 5.0%/yr and the $1.2M gift investment has earned a market rate of return of 7.0%/yr over that time frame. How much better or worse will the new stadium be as compared to the Stadium built in 1965?

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A Stadium was completed in 1956 at a cost $1.2M. At the same time as the completion of the stadium,...

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