Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A corporation is considering the purchase of an interest in a real estate syndication at a price of $ 8 2 , 0 0 0
A corporation is considering the purchase of an interest in a real estate syndication at a price of $ In return, the syndication promises to pay $ at the end of each month for the next years months
Required:
a If the interest in a real estate syndication is purchased, what is the explected internal rate of return, compounded monthly?
Note: Do not round intermediate calculations and round your final answer to decimal places.
b How much total cash would be received on the investment?
Note: Round your final answer to the nearest whole dollar amount.
c How much is profit?
Note: Round your final answer to the nearest whole dollar amount.
c How much is return of capital?
Note: Round your final answer to the nearest whole dollar amount.
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