FIN $414$

Please help me to just choose the correct answer choice $..$ Thank you

$1.$What is the value today of $$5,000$you will receive in year $5$if the interest rate is $6\%$compounded annually.

$1.$$$64,932\mathrm{.}16$

$2.$$$3736\mathrm{.}29$

$3.$$$70,218\mathrm{.}95$

$4.$$$73,591\mathrm{.}84$

$2.$What financial principle is associated with the time value of money in mortgage loans?

$1.$Present value

$2.$Appraisal

$3.$Amortization

$4.$Escrow

$3.$What legal document transfers ownership of real estate from the seller to the buyer?

$1.$Title Insurance Policy

$2.$Property Deed

$3.$Quitclaim Deed

$4.$Warranty Deed

$4.$An investor pays SR $200$per month into a real estate investment that promises to pay an annual rate of interest of $8$percent compounded monthly. If the investor makes consecutive monthly payments for $5$years$,$ what is the future value at the end of five years?

$1.$SR $64,012\mathrm{.}38$

$2.$SR$14,695\mathrm{.}37$

$3.$SR$57,29456$

$4.$SR$55,689\mathrm{.}02$

$5.$If you invest $$1,000$at an annual interest rate of$5\%,$compounded annually, what will be the future value after $3$years$?$

$1.$$$952\mathrm{.}38$

$2.$$$1,250\mathrm{.}00$

$3.$$$1,157\mathrm{.}63$

$4.$$$1,150\mathrm{.}00$

$6.$What is the purpose of a promissory note in a real estate transaction?

$1.$Authorization for property sale

$2.$Evidence of a debt and a promise to repay

$3.$Document outlining property boundaries

$4.$Proof of homeownership

$7.$What is the primary legal document that outlines the terms and conditions of a real estate transaction?

$1.$Purchase Agreement

$2.$Lease Agreement

$3.$Mortgage Contract

$4.$Property Deed

$8.$In a foreclosure sale, which of the following statements is true?

$1.$The property is sold by the original owner at a discounted price.

$2.$Foreclosure sales involve bidding only by real estate agents.

$3.$Foreclosure sales can only occur if the property is free of any liens.

$4.$The sale is conducted to settle outstanding debts, typically initiated by the lender.

$9.$What is a mortgage in real estate finance?

$1.$A type of property tax

$2.$Monthly rental payment for a residential property

$3.$The transfer of ownership of a property

$4.$A legal document outlining the terms of a loan secured by real estate

$10.$What legal right does a mortgage give to the lender in case of borrower default?

$1.$Easement

$2.$Foreclosure

$3.$Eminent Domain

$4.$Adverse Possession