Question: Problem #3 If an apartment building has a net operating income of $415,000 and this amount is projected to grow at 5% per year for

Problem #3

If an apartment building has a net operating income of $415,000 and this amount is projected to grow at 5% per year for 10 years, what will the NOI be at the end of year 10? 622,500(?)

Problem #4

A tract of land is projected to appreciate in value. Its current market value is $600,000. The projected rate of appreciation is 3.5%. What will the future value of the land be at the end of 5 years?

Problem #5

A single-family home has sold for $325,000. A mortgage has been obtained on the property for 95% of the sales price. The interest rate on the mortgage is 6.5% and the term of the mortgage is 30 years. What is the monthly principal and interest payment?

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