Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. What was the return on his $200,000 investment?
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- Five years ago, Teresa purchased an investment property for $189,795. He sold it today for $249,999. Based on this information, what was her annualized rate of return? 5.66% 7.59% 6.18% 5.75%Your mom just checked on findmassmoney.gov and found out that she has unclaimed property that is worth $3022.41 today. She figured out that she had invested $1147 years ago and she calculated that she earned a return of 28.46% on her money. How many years ago did your mom invest that money? Answer:bob bought some lands costing $16,240. Today, that same land is valued at $46,517. how long has Bob owned this land if the price of land has been increasing at 6 percent per year?
- You own a house that you rent for $1,200 a month. The maintenance expenses on the house average $200 a month. The house cost $89,000 when you purchased it several years ago. A recent appraisal on the house valued it at $120,000. The annual property taxes are $5,000. If you sell the house you will incur $25,000 in expenses. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?PLEASE SHOW ALL WORK Richard deposits $ 5400 and got back an amount of $ 6000 after a year. Find the simple interest he got.Mr. Mogi borrowed $9000 for 10 years to make home improvements. If he repaid a total of $20,000 at what interest rate did he borrow the money? Give typing answer with explanation and conclusion
- Jerry invested $5,400 in a small business venture and received $9,200 twenty years later. What is the rate of return on the investment? O 2.46% 2.48% 2.70% O 2.51%Some time ago. Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned this land if the price of the land has been decreasing by 1.5 percent per year?Mr. chan wants to purchase a house after a couple of years. his target house value is P4,975,193. He decides to invest in a product where he can deposit yearly P592796 starting at the beginning of each year until year 13. he wants to know what is the present value of the annuity investment that he is doing. this would enable him to know what the true cost of the property in today's term is. you are required to do the calculation of the present value of the annuity due that mr. chan is planning to make. assume that the rate earned on investment will be 9.87%. Write your answer in two decimal places
- Mr. and Mrs. Smith have just purchased a $600,000 house and have made a down payment of$120,000. They can amortize the balance at 4% for 30 years. Using Excel, calculate equity they have in their house (that is, what is the sum of the down payment and amount paid on the loan) after 20 years?bob bought some lands costing $16,240. Today, that same land is valued at $46,517. how long has Bob owned this land if the price of land has been increasing at 6 percent per yeaBilly Bob just purchased an investment that will pay him $25,000, $20,000, and $10,000 over the next three years, respectively. If Billy Bob expects to earn 6% compounded annually, how much did he pay for his investment?