17 Using the figure below, calculate the percentage of revenue to the lender based on the monthly construction draw schedule. The project assumes a discount rate of 10%, and is for a 25-acre tract of land outside Lexington, KY. Construction Sales Revenue Month Draw (Lot Sales) 01234567899 509,600 0 327,600 0 327,600 0 327,600 0 109,200 226,100 109,200 226,100 109,200 226,100 0 455,525 0 455,525 0 455,525 0 455,525 The % of revenue to the lender is O.137.4% 72.8% 131.2% 76.2%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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17
Using the figure below, calculate the percentage of revenue to the lender
based on the monthly construction draw schedule. The project assumes a
discount rate of 10%, and is for a 25-acre tract of land outside Lexington,
KY.
Construction
Sales Revenue
Month
Draw
(Lot Sales)
01234567899
509,600
0
327,600
0
327,600
0
327,600
0
109,200
226,100
109,200
226,100
109,200
226,100
0
455,525
0
455,525
0
455,525
0
455,525
The % of revenue to the lender is
O.137.4%
72.8%
131.2%
76.2%
Transcribed Image Text:17 Using the figure below, calculate the percentage of revenue to the lender based on the monthly construction draw schedule. The project assumes a discount rate of 10%, and is for a 25-acre tract of land outside Lexington, KY. Construction Sales Revenue Month Draw (Lot Sales) 01234567899 509,600 0 327,600 0 327,600 0 327,600 0 109,200 226,100 109,200 226,100 109,200 226,100 0 455,525 0 455,525 0 455,525 0 455,525 The % of revenue to the lender is O.137.4% 72.8% 131.2% 76.2%
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