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#1 One year ago, you invested $3,400 Today, it is worth $4,150 What rate of interest did you earn? Use Goal Seek. One year ago,
| #1 | One year ago, you invested | $3,400 | ||||
| Today, it is worth | $4,150 | |||||
| What rate of interest did you earn? Use Goal Seek. | ||||||
One year ago, you invested | $3,400 | |||||
| Today, it is worth | $4,150 | |||||
| What rate of interest did you earn? Use Goal Seek. | ||||||
K = | 11.03% | |||||
K = | 22.06% | |||||
K = | 4.53% | |||||
| 5.53% | ||||||
| K= | 5.53% | |||||
| #2 |
| $34,500 | in | 14 | years. | |
| You can earn an annual interest rate of | 5.0% | for the first | 4 | years. | ||
|
| 5.6% | for the next | 3 | years. | ||
| You can earn an annual interest rate of | 6.3% | for the next | 7 | years. | ||
| How much do you have to deposit today to reach the $34,500 goal? | ||||||
You need to have | $34,500 | in | 14 | years. | ||
| You can earn an annual interest rate of | 5.00% | for the first | 4 | years. | ||
| You can earn an annual interest rate of | 5.60% | for the next | 3 | years. | ||
| You can earn an annual interest rate of | 6.30% | for the next | 7 | years. | ||
| How much do you have to deposit today to reach the $34,500 goal? | ||||||
PV = | $15,903.57 | |||||
PV = | $15,046.25 | |||||
PV = | $15,715.83 | |||||
PV = | $17,424.84 | |||||
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
