REAL ESTATE FINANCIAL INVESTMENTS
16th Edition
ISBN: 9781265224110
Author: BRUEGGEMAN
Publisher: MCG
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Chapter 4, Problem 12Q
Summary Introduction
To discuss: Which loan will result in higher interest payments, if any one of the interest will have higher interest rate than other?
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TIME TO REACH A FINANCIAL GOAL You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal? Round UP to the nearest year. (Example 5.01 years = 6 years) Your answer should include numerical value only.
You plan to retire in 30 years.
• In 50 years, you want to give your daughter a $500,000 gift.
• You will receive an inheritance of $200,000 in 25 years.
• You think you will want $50,000 per year when you retire for 30 years (the first withdrawal
will come one year after retirement).
• You will begin saving an amount to meet your retirement goals one year from today.
Required:
• If you think you can make 9% on your investments, how much will you need to save each
year for the next 30 years to meet your retirement goals?
An initial $3300 investment was worth $3820 after two years and six months. What quarterly compounded nominal rate of return did
the investment earn? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Nominal rate of return
% compounded quarterly.
Chapter 4 Solutions
REAL ESTATE FINANCIAL INVESTMENTS
Ch. 4.A - Prob. 1QCh. 4.A - Prob. 2QCh. 4.A - Prob. 1PCh. 4 - Prob. 1QCh. 4 - Prob. 2QCh. 4 - Prob. 3QCh. 4 - Prob. 4QCh. 4 - Prob. 5QCh. 4 - Prob. 6QCh. 4 - Prob. 7Q
Ch. 4 - Prob. 8QCh. 4 - Prob. 9QCh. 4 - Prob. 10QCh. 4 - Prob. 11QCh. 4 - Prob. 12QCh. 4 - Prob. 13QCh. 4 - Prob. 14QCh. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10PCh. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - Prob. 13PCh. 4 - Prob. 15PCh. 4 - Prob. 16PCh. 4 - Prob. 18PCh. 4 - Prob. 19PCh. 4 - Prob. 20P
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