Assignment #10

 Question 1 Fill in the Blank (1.0000 points) Question: How long will it take you to pay off a loan of \$7000 if you make monthly payments of \$113 and the bank is charging you 14% annually? (Round your answer to two decimal places.)

 Question 2 Fill in the Blank (1.0000 points) Question: How many years will it take you to accumulate \$39400 if you are able to deposit \$146 monthly into a bank account that is paying 14% annually? (Round your answer to two decimal places.)

 Question 3 Fill in the Blank (1.0000 points) Question: How much should you deposit into a bank account quarterly in order to replace a roofing system you expect to cost \$10800 in 2 years if the account pays you 14% annual interest? (Round your answer to two decimal places.)

 Question 4 Fill in the Blank (1.0000 points) Question: If you purchase a lot for \$15000 today, how many years will it take to double your investment if the property is expected to increase in value at annual rate of 6% compounded monthly? (Round your answer to two decimal places.)

 Question 5 Fill in the Blank (1.0000 points) Question: If you purchase a lot today for \$ 22200, how much would the lot be worth if it is expected to increase in value at an annual rate of 14%, compounded semiannually, until you choose to sell it 14 years from now? (Round your answer to two decimal places.)

 Question 6 Fill in the Blank (1.0000 points) Question: If you purchased a lot for \$ 18000 7 years ago, what is your expected annual rate of return if you can sell the lot for \$ 22070 today and you assume monthly compounding? (Round your answer to two decimal places--xx.xx%)

 Question 7 Fill in the Blank (1.0000 points) Question: What is the expected annual rate of return on a property which you purchased 14 years ago for \$20200 and it pays you \$299 monthly if you sell the property for \$25010 today? (Round your answer to two decimal places--xx.xx%)

 Question 8 Fill in the Blank (1.0000 points) Question: What is your expected rate of return on a 17 year sandwich lease on a property which pays you \$193 monthly if you purchase the lease for \$25100? (Round your answer to two decimal places--xx.xx%)

 Question 9 Fill in the Blank (1.0000 points) Question: What is your monthly payment on a mortgage loan of \$6800 for 16 years if the bank charges 15% annually compounded monthly? (Round your answer to two decimal places.)

 Question 10 Fill in the Blank (1.0000 points) Question: What should you pay for a 17 year sandwich (a lease where you pay rent to the landlord and you lease the property to another who pays rent to you) lease on a property which pays you \$1592 (profit; the difference between what you pay the landlord and what you collect from the tenant) quarterly if you expect to earn 7% annually? (Round your answer to two decimal places.)

 Question 11 Fill in the Blank (1.0000 points) Question: What should you pay for a property today which you expect to sell for \$27800 in 8 years if you can earn 13% annually, compounded monthly? (Round your answer to two decimal places.)

 Question 12 Fill in the Blank (1.0000 points) Question: What should you pay for a property which pays you \$1528 monthly if you expect to earn 9% annually for 9 years and you expect to sell the property for \$112827? (Round your answer to two decimal places.)

 Question 13 Fill in the Blank (1.0000 points) Question: You are able to deposit \$1008 quarterly into a bank account that is paying 9% annually. How much will you be able to accumulate after 6 years? (Round your answer to two decimal places.)