Question
1-What is your annual return on investment for a rental property with the following income and expenses? Rent: $850 per month Expenses: $3700 Mortgage interest:
1-What is your annual return on investment for a rental property with the following income and expenses?
Rent: | $850 | per month | |
Expenses: | $3700 | ||
Mortgage interest: | $8000 | ||
Equity investment: | $26000 | ||
Original mortgage: | $101000 | ||
Market value: | $111340 |
134%
34%
10.1%
37%
2-Rodney purchased a call option on Wildbear Industries stock with a $100 exercise price, for $2 per share, when the actual price of the stock is $97. If the price goes up to $103, what is his rate of return on investment?
6 percent
50 percent
100 percent
3 percent
3-Which fund would have the least expense ratio?
S&P 500 Index Fund
Global Total Return Fund
Dynamic Capital Appreciation Fund
Small Cap Growth Fund
4-In what way is your home an investment?
Home equity is a source of income.
Mortgage payments are like reinvesting dividends.
The sale of your home is a source of income.
Long-term equity growth in your home is a component of your wealth.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started