Determine Whether the Following Passage Contains an Argument; If It

question 31

Essay

Determine whether the following passage contains an argument; if it does, identify the main issue.
"Because real estate is a local investment, I recommend investing within an hour's drive from your home.
Personally, I invest within a half-hour drive because then I can properly manage the property and watch it to be sure it is not declining in market value."
-Real estate columnist Bob Bruss

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Definitions:

Bond Retirement

The process by which an issuer fulfills its obligational repayment of the principal amount of a bond before its maturity date.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest paid on debt.

Effective-interest Method

A method for calculating the interest expense on a bond that involves allocating the bond's interest expense over its life in a way that yields a constant rate of interest.

Book Value

Book Value is the value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus its depreciation.