1.A Japanese investor purchased an office building for $100,000 when the exchange rate was 100 Yen/1$. One year later, he sold the building for $110,000 when the exchange rate was 80 Yen/1$. What was his profit in Yen?-------------------------

2.What is the effective interest rate if loan terms are 30 years, 9%, 0 points, OFV, and PMI is 1h of 1% up front plus Y4 of 1% paid monthly. You have a 90% LTV.

Effective rate on entire balance ------------------

Effective rate on top 10% -------------------

3.REIT stands for_

4.If l bought a rent house for $100,000 and the annual cash flows were as follows: Year 1 + $6,000 Year 2 + $7,000 Year 3 + $8,000 Year 4 + $8,500 Year 5 + $9,700

What is my annual IRR if l sold the house for $123,000 at the end of Year 5?

5.In problem 4, if l had wanted my return to be 15%/year, how much would I have paid for the house?