A recent college grad bought a triplex with 10% down and a $150,000 loan for 15 years with an annual rate of 3.2%. She planned to live in one unit and rent out the other two units for $1000 a month. What was the value of the triplex? What was the monthly payment? Part of her investment plan is to pay off the loan in 15 years by making an additional monthly payment. What additional amount must she pay each month in order to pay off the loan in 15 years? After ten years an investor offers her $500,000 for the property. What would be her annual return if she accepts the offer? Given the sale price what has been the annual growth rate in the value of the property over the ten years? Discuss whether she should sell the property be sure to mention the effects of depreciation allowance, alternative investment rates, housing costs, etc. on her decision.

In excel