you and other investors purchase a commercial property for R6000000, consisting of R2000000 equity and R4 000
Fantastic news! We've Found the answer you've been seeking!
Question:
you and other investors purchase a commercial property for R6000000, consisting of R2000000 equity and R4 000 000 loan capital at 12% per year , monthly compounded. The loan capital (mortgage bond) is for a 20 year period. The net lease income for the first year is R70 000 per month and the opportunity rate is 15% per year, compounded monthly. What will the return on equity be for year 1?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: