Question 2 i. You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on you...
2) What is the present value of $12.500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10 3) You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of retum on your investment, how much will you sell the land for in 10 years? 12.51 4) If you want to have $875 in 2.67 years, how much money must you put in...
You just purchased a parcel of land for $47,000. To earn a 13% annual rate of return on your investment, how much must you sell the land for in 4 years? Assume annual compounding. (Round to nearest penny, e.g. 1234.56)
Question 1 (0.2 points) You just purchased a parcel of land for $70000. If you expect to earn a 5% annual rate of return on it, how much do you expect to be able to sell it for in 10 years? Your Answer: Answer Hide hint for Question 1 Method 1: Future value of the land- current price (1-annual rate of return) (number of years); Method 2: on your financial calculator N-number of years Answer Hide hint for Question 1...
If you want to have $347,023 in 20 years, how much money should you put in a savings account today? Assume that the savings account pays you 7.9 percent and it is compounded annually.
If you want to have $272,992 in 8 years, how much money should you put in a savings account today? Assume that the savings account pays you 6.2 percent and it is compounded annually.
If you want to have $148,172 in 5 years, how much money should you put in a savings account today? Assume that the savings account pays you 3.3 percent and it is compounded annually.
If you want to have $268,563 in 14 years, how much money should you put in a savings account today? Assume that the savings account pays you 3.4 percent and it is compounded annually.
Thanks so much everyone! I am at a loss... If you want to have $427,644 in 7 years, how much money should you put in a savings account today? Assume that the savings account pays you 6.4 percent and it is compounded annually. Round the answer to two decimal places
If you want to have 417,095 in 7 years, how much money should you put in a savings account today? Assume that the savings account pays you 6.1 percent and it is compounded annually. Round answer to two decimal places.
7. An investor buys some land for $40,000 and sells it 12 years later for $115,000. at the time of sale was 26%. Inflation during this time was 4% per year. growth rate of return for this investment? (10 points) The tax rate for gains What is the annual real You have a new job as an engineer and would like to buy a condominium in 4 years. real estate listings for the city where you live and condos similar...