Question: 2 1 . Suppose that you pay $ 2 2 , 0 0 0 per acre for a tract of land. You plan on holding

21. Suppose that you pay $22,000 per acre for a tract of land. You plan on holding the land for 15 years and that i annual property taxes on the land will be $750 per acre. How much will you need to sell the land for (per acre the end of 15 years in order to achieve a 12% rate of return (rounded to the last dollar)? a. $92,459b. $129,185c. $131,668d. $137,431e. $148,378

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

1. What makes Nagesh Battula entrepreneurial? Is the opportunity of eco-habitats a large enough opportunity? 2. What makes Project Damergidda different? What should be Organo's marketing strategy for...

Q:

1. Which instances do you believe laws were broken? Why? 2. Which instances do you believe ethics were violated? Why? 3. Would you expect most companies with this opportunity to act in this manner?...

Q:

real estate apprasial, person who completes this will recive $50 via P a y p a l Max Verstappen owns 3515 West Service Road, a Class A suburban office building in Burlington, Ontario. Situated on 3.9...

Q:

Need help figuring out problem #40, #42, and #45 in the attached document. I have the answers for the problems, but need to see how they are worked out. FIN 142 - Real Estate Finance Problem Set 2 1....

Q:

follow the picture maining Time: 1 hour, 02 minutes, 50 seconds. Question Completion Status: Moving to another question will save this response. Question 23 Question 23 of 25 4 points Save Answer...

Q:

Practice Second Exam ECO2030 Name___________________________________ 1. Welfare economics is the study of a. the well-being of less fortunate people. b. welfare programs in the United States. c. how...

Q:

123 Compare the purely graphical properties of these two notations, and the ways in which the graphical properties of each display correspond to the information structure being defined. Describe...

Q:

Could I ask for question 5? You are considering a two-year venture that will cost 1.5 million and yield an expected cash flow of 3.2 million. The standard deviation of the expected cash flow is 2...

Q:

There are 6 questions, please see questions in attached file. Please use information in the pdf file to answer those questions. GXM79748_085 Dec. 31 2021 Page 1 Round 1 Summary Report The summary...

Q:

8. In January 2017, Mitzu Co pays $2,800,000 for a tract of land with two buildings on it. It plans to demolish Building 1 and build a new store in its place. Buliding 2 will be a company office; it...

Q:

The half-life of americium-241 is 432 y. If 0.0002 g of americium-241 is present in a smoke detector at the date of manufacture, what mass of americium-241 is present after 100.0 y? After 1,000.0 y?

Q:

1. On January 2, Safe Motorcycling Monthly received a check for $72 from a subscriber for a 12-month subscription. The January issue was mailed on January 15. Prepare the necessary entries for the...

Q:

A bond with a coupon rate of 6 percent that pays interest semianninally and is priced of par will have a market price of and interest payments in the amount of each Select one: a . $ 1 , 0 6 0 ;$ 6 0...

Q:

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...