A landlord wants to work only 10 more years and then retire. The landlord currently has $380

in the bank. The landlord plans to purchase a $290 comma

apartment complex as an investment. The landlord also plans to invest the other $90 comma

and aim to have $1 million between the two investments to retire on. Complete parts 1. through 5. below.

Click here to see page one of the table for the future value of $1.00. LOADING...

Click here to see page two of the table for the future value of $1.00. LOADING...

Click here to see the table for the compound interest on $100, compounded daily. LOADING...

Click here to see the table for the present value of $1.00. LOADING...

1. The apartment the landlord purchased has appreciated by 4.54.5%

per year over the last 30 years. Assuming this will continue, what would the future value of the $290 comma 000290,000

apartment be in 10 years?

$nothing

(Round to the nearest dollar as needed.)