1. Discuss three critical factors affecting the value of an office. (1.5 marks) 2. Discuss the meaning of locality to (1) a house and (2) an apartment. (1 marks) Calculate the value mentioned in the following scenarios. Show the appropriate valuation formulas and calculation steps. 3. How much is required to be deposited now at 6% compound interest to accumulate to $1 in 8 years' time? (1.5 mark) 4. What will a sum of money of $580,000 accumulate at 7% compound interest after 4 years? (1.5 mark) 5. What is the amount of $1 per annum in 6-year times at 4.5% compound interest? ( 1.5 mark) 6. What is the amount of the years purchase in perpetuity annually in arrear of an annual income of $188,000 receivable discounted at 5% ? ( 1.5 mark) 7. What is the capital value of the income for a landlord who receives $260,000 rent per annum from his tenant in the coming 6 years, based on a compound interest rate of 3.5% ? (1.5 mark)