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4. An investor wants to earn 1.5% a month on a property over the next five years. The property is worth $2 million today. It

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4. An investor wants to earn 1.5% a month on a property over the next five years. The property is worth $2 million today. It is bought with 5% down and a ten year loan with an annual rate of 5.2%. What is the monthly payment? What monthly growth rate in the value of the property will get the 1.5% monthly return? Instead of the value of the property growing to get the 1.5% a month return, the investor rents it out each month, what monthly rent will get the 1.5% return? (growth rate is zero) Create a data table with the monthly return (1.5%) as the output variable. The row input is the monthly growth rate, 0 and go to 0.3% in increments of 0.1%. The column input is the monthly rent, start with $6,000 and go to $11,000 in increments of $1,000. 4. An investor wants to earn 1.5% a month on a property over the next five years. The property is worth $2 million today. It is bought with 5% down and a ten year loan with an annual rate of 5.2%. What is the monthly payment? What monthly growth rate in the value of the property will get the 1.5% monthly return? Instead of the value of the property growing to get the 1.5% a month return, the investor rents it out each month, what monthly rent will get the 1.5% return? (growth rate is zero) Create a data table with the monthly return (1.5%) as the output variable. The row input is the monthly growth rate, 0 and go to 0.3% in increments of 0.1%. The column input is the monthly rent, start with $6,000 and go to $11,000 in increments of $1,000

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