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6 Cards in this Set
- Front
- Back
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Associate Angela, of Enhancement realty wants to invest a portion of her commission income in a bond which guarantees an annual return of 10%, compounding monthly.Angela is investing this money to make a real estate purchase in approxiamately five years. If she makes monthly deposits of $1000 how much will be available fr her purchase after 5 years?
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77,437.07
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A competitor offers Angla a more attractive rate of 10.5%, but compounded semi-annually. Should she seriously consider this offer that requires a $6000 deposit every six months for the next five years or is the option provided in a) a better investment for her?
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$76353.83
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J. Pssmore, owner of Hillfield Supplies Inc. is financing the purchase of warehousing inventory software with a seven year loan at 9% annual interest, compounded monthly. Passmore has a down payment of $5000 and the total purcase price is $30000. what are his monthly payments?
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$402.23
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How much lower wouldthe monthly payments be if the down payment was $7500?
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$362.00
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Bob McBride wants to enter a lon term lease for an industrial unit owned by Hill Holdings Inc. He requires funds to accomplish extensive tenant improvments that will suit his company's unique manufacturing process. As a tenant incentive, the land lord has offered $40,000 improvment loan at a preferential rate of 3.5%, compounded annually, and two-year term. No payments are required until the end of the 2 year period.
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$42,849.00
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As a second option, the landlord has offered the same 3.5% interest rate, but compounded quarterly for two years, to be repaided in one lump sum at the end of the term. which is better?
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$41,871.18
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