INSTRUCTIONS: Complete the Quiz using excel. Show all your work and calculations.

1.Define REIT and give two examples.

2.Define the term financial market.

3.Calculate the annual Real Estate NOI using the following information:

Rents are $6,200.00 per month

Utilities are $277.00 per month

Insurance fees are $1,100 per year

Janitorial, maintenance and supplies are $625 per month

Annual vacancy rate of 3.75% of gross rents

Legal and accounting fees are $2,000 per year

Management fees are $7.5% of gross rents

Interest is $280 per month

Taxes are 21% of EBT

4.Savings Calculator: Using the following information, build a savings calculator for January 2022 through December 2022.

Initial Savings Balance $14400

Deposit Amount Per Period. $285

Deposit Interval: monthly

Number of Deposits 12

Annual Rate of Return 3.125%

Find Ending Balance____

5.List and explain the five sources of financial risk