Question 1

 

Fill in the Blank

(1.0000 points)

 

Question:

How many years will it take you to accumulate $10,494 if you are able to deposit $35.64 monthly into a bank account that is paying 9% annually? (Round your answer to two decimal places.)

 

 

 

 

 

Question 2

 

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(1.0000 points)

 

Question:

How many years will it take you to pay off a loan of $42550 if you make monthly payments of $639.04 and the bank is charging you 17% 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 $77,257 in 25 years if the account pays you 8% annual interest? (Round to 2 decimal places)

 

 

 

 

 

Question 4

 

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(1.0000 points)

 

Question:

If you purchase a lot for $2501 today, how many years will it take to double your investment if the property is expected to increase in value at annual rate of 16% 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 $ 9379, how much would the lot be worth if it is expected to increase in value at an annual rate of 6%, compounded semiannually, until you choose to sell it 18 years from now? (Round to nearest $1.)

 

 

 

 

 

Question 6

 

Fill in the Blank

(1.0000 points)

 

Question:

If you purchased a lot for $ 55802 7 years ago, what is your expected annual rate of return if you can sell the lotfor $ 90,829 today and you assume bimonthlycompounding? (Round to 2 decimal places--xx.xx%)

 

 

 

 

 

Question 7

 

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(1.0000 points)

 

Question:

What is the expected annual rate of return on a property which you purchased 14 years ago for $222,316 and it pays you $721.00 semiannually if you sell the property for $477,690 today? (Round to 2 decimal places--xx.xx%)

 

 

 

 

 

Question 8

 

Fill in the Blank

(1.0000 points)

 

Question:

What is your expected rate of return on a 6 year sandwich lease on a property which pays you $1760.65 monthly if you purchase the lease for $79,144? (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 $22093 for 13 years if the bank charges 16% annually compounded monthly? (Round to 2 decimal places)

 

 

 

 

 

Question 10

 

Fill in the Blank

(1.0000 points)

 

Question:

What should you pay for a 24 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 $1573.99 (profit; the difference between what you pay the landlord and what you collect from the tenant) quarterly if you expect to earn 17% annually? (Round to nearest $1.)

 

 

 

 

 

Question 11

 

Fill in the Blank

(1.0000 points)

 

Question:

What should you pay for a property today which you expect to sell for $10949 in 26 years if you can earn 14% annually, compounded bimonthly?

 

 

 

 

 

Question 12

 

Fill in the Blank

(1.0000 points)

 

Question:

What should you pay for a property which pays you $590.00 monthly if you expect to earn 17% annually for 8 years and you expect to sell the property for $956,930?

 

 

 

 

 

Question 13

 

Fill in the Blank

(1.0000 points)

 

Question:

You are able to deposit $643.39 quarterly into a bank account that is paying 7% annually. How much will you be able to accumulate after 15 years? (Round to nearest $1)