You purchased a piece of property at $360,000 five years ago. You can sell the property at
Question:
You purchased a piece of property at $360,000 five years ago. You can sell the property at $450,000. What is the rate of return on this real estate investment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
450000 3600001 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The McDonald Group purchased a piece of property for $1.2 million. It paid a down payment of 20% in cash and financed the balance. The loan terms require monthly payments for 15 years at an annual...
-
The McDonald Group purchased a piece of property for $1.2 million. It paid a down payment of 20% in cash and financed the balance. The loan terms require monthly payments for 15 years at an annual...
-
On January 1, 2011, you purchased a piece of property for $10,000. On December 31 of that year, you sold the property for $20.000. Assume that the general rate of inflation for 2011 was 10 percent....
-
1. Enis falsely accuses Monalisa of stealing from Island Tours, Inc., their employer. Enis's statement is defamatory only if a. a third party hears it. b. Monalisa has not been caught. c. the...
-
A glaucous-winged gull, ascending straight upward at 5.20 m/s, drops a shell when it is 12.5 m above the ground. (a) What are the magnitude and direction of the shell's acceleration just after it is...
-
1. Why would the ADB hold SDR instead of dollars or euro? 2. What are the currency amounts that make up the SDR? This minicase looks at the lending of the Asian Development Bank and its loan process....
-
Based on data from Data Set 17 in Appendix B, the words spoken in a day by women have a mean of 16,215 words and a standard deviation of 7301 words. Consider the women with an unusual word count in a...
-
Leyhs Outdoor Adventures, Inc., would like to begin providing life insurance coverage for its employees. Three employees are officers; each earns $100,000 per year. The other three employees each...
-
Larry inherited a beachfront house from your father Gerry. Gerry bought it in 1956 for $96,000; nevertheless, the BPO as of 12/3/20, was $1,236,000. On 2/1/21, after Larry sold his primary residence...
-
The file P02_16.xlsx contains traffic data from 256 weekdays on four variables. Each variable lists the number of arrivals during a specific 5-minute period of the day. For this problem, consider...
-
Assume that you are going to buy a new car for $25,000. You will be able to make a down payment of $3,000. The remaining $22,000 will be financed by the dealer. The dealer computes your monthly...
-
A Veterans Administration (VA) hospital needs to decide which type of boiler fuel system will most efficiently provide the required steam energy output for heating, laundry, and sterilization...
-
Give full details of the three-phase commit protocol in a distributed environment. Outline the algorithms for both coordinator and participants.
-
calculate current working capital . XYZ Ltd. Has obtained the following data concerning the average working capital cycle for other companies in the same industry: Raw material stock turnover 20...
-
A stock has had returns of -19.6 percent, 29.6 percent, 31.2 percent, -10.7 percent, 35.4 percent, and 27.6 percent over the last six years. What are the arithmetic and geometric returns for the...
-
Gross Profit Method: Estimation of Fire Loss On September 28, 2016, a fire destroyed the entire merchandise inventory of Carroll Corporation. The following information is available: Sales, January...
-
Q1. What are the payment amounts of each agreement? Q2. Which forward agreement rate payments should be chosen and why? Q3.What might be the main limitation of the forward rate analysis Forward Rate...
-
You are a consultant that has been hired to recommend a payout policy for UBT Corp. You have compiled a table with the current tax rates that different types of investors in the stock market face...
-
Obtain a 95% CI for the point estimate in Problem 13.70? Cancer, Nutrition A logistic-regression analysis similar to that presented in Example 13.73 (on page 743) was run relating breast-cancer...
-
How do network effects help Facebook fend off smaller social-networking rivals? Could an online retailer doing half as much business compete on an equal footing with Amazon in terms of costs? Explain.
-
What management, organization, and technology factors contributed to LGs supply chain problems?
-
How did implementing JDA Software solutions change the way LG ran its business?
-
How did LGs new logistics and transportation management system improve management decision making? Describe two decisions that the new system solution improved.
-
Read the attached case study, and submit your review of the following: 'Defining Standard Projects at Global Green Books Publishing' Make sure to follow the formatting requirements detailed in the...
-
In two-slit interference, if the slit separation is 17 m and the slit widths are each 2.9 m, (a) how many two-slit maxima are in the central peak of the diffraction envelope and (b) how many are in...
-
Your division is considering two projects. Its WACC is 10%, and the projects' after-tax cash flows (in millions of dollars) would be as follows: Expected Cash Flows Time Project A Project B 0 ($30)...
Study smarter with the SolutionInn App