1. Using the Rule of 72, you are making an investment that you want to have double in value in 15 years. How much does the investment have to appreciate each year? 

 

2. You are a developer and you want to acquire a vacant parcel of land for a residential for-sale project.  Provide two major risks in the deal and how you would mitigate these risks. Be thoughtful that the mitigation will actually reduce the risk and is not just be a due diligence item.