I need full detailed and explained answers of attached documents with formula (FORMULA is very important for ) me real estate Finance and Investment chapter 10 Test Bank questions.

I need to know which formulas are used and explanations to figure out the answers Real Estate Finance and Investments Chapter 10 Test Bank 1. Consider the table above for a hypothetical income property that is under consideration for purchase with a $455,000 loan. Using the principles of mortgage equity capitalization, what is the estimated total property value (rounded to the nearest $100)? (D) (A) $317,500 (B) $482,900 (C) $772,500 (D) $794,200 2. Using the information from the question above, what would be the equity dividend rate? (B) (A) 2.4 percent (B) 3.5 percent (C) $12,000 (D) $317,498 (E) Not enough information 3. Given the following sales adjustment grid, what adjustment would be made for size? (C) Characteristic Subject 1 2 3 4 Sales price 116,000 120,000 124,000 126,000 Square feet 1,800 1,700 1,900 1,900 1,900 Exterior Alum Brick Alum Alum Brick Age 16 20 20 18 20 (A) $20 psf. (B) $40 psf. (C) $50 psf. (D) $35 psf. 4. A property is sold for $200,000. Typical financing terms are an 85% loan with a 10% interest rate over 15 years. If the before-tax cash flow is $2,000, what is the overall capitalization rate? (B) (A) 10.96% (B) 11.96% (C) 19.13% (D) 9.96% 5. A property produces a first-year net operating income of $24,000. Because of the long economic life of the building, the income is considered as a perpetuity that will grow by 2.5% per year. Using a discount rate of 9.5%, the property value is estimated at: (D) (A) $276,968 (B) $252,632 (C) $200,000 (D) $342,857 6. A property is leased for $24,000 per year although market rents are currently $27,500 per year and are expected to increase by 2% per year. The property is expected to be sold at the end of year 10 based on a 10% terminal cap rate applied to the eleventh year NOI. The current lease on the property will expire at the end of year 10 so the property can be leased in the eleventh year at market rates. What is the value of the leased fee estate based on an 11.5% discount rate? (C) (A) $362,489 (B) $298,325 (C) $251,298 (D) $271,486