Unit $17\mathrm{.}4$ Cash flow problems

$34.$

$30.$ You have the chance to buy a promissory note in which you will receive $42$ monthly payments of $$850($starting a month from now$),$ followed by $90$ monthly payments of $$1,000.$ If you buy the note, what is the total amount you will receive?

$31.$ What is your yield if you buy the note for $$60,000?$

$32.$ You and three friends are thinking about buying a $6-$unit rental property for $$335,000,$ by paying $$100,000$ down and paying the seller the remaining $$235,000$ with monthly payments. Your projected cash flows for each year are shown below. You project you will be able to sell the property at the end of year $6$ for $$395,000$; your selling expenses will be $$25,000$ and you will still owe the seller $$143,000.$ Calculate the IRR, based on your projections. Note: Assume that the cash flows are received at the end of each year.

$\backslash$table$[[$Year $1$: $-$$$6,440,$Year $2$: $-$$$3,480,$Year $3$: $$990$