I am sorry that I have uploaded more than one question, because I still have many questions, but there are no more questions. I hope you can help me answer this question. If you can only answer one question, please do not answer this question, thank you.

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You are interested in buying a house and renting it out. You expect to receive a monthly net income of $900 from rent. You then expect to sell the house for $400,000 at the end of 40 months. If your discount rate on this investment is 1.2% per month, what is this property worth to you today? Assume that you receive rent at the beginning of each month and you receive the first rent the same day you purchase the property. Round to the nearest cent. [Hint: Similar to Practice Test 2 Q19) Numeric Answer You are considering purchasing a piece of land. According to your analysis, if you plant vegetables, it will produce a cash flow of $3,000 starting at the end of year 6 and growing at an annual rate of 2% in perpetuity. If the appropriate discount rate is 12%, what is the most you should pay for this land? Round to the nearest cent. [Hint: Similar to Practice Test 2 Q18, except that this is a growing perpetuity.] Numeric