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Question I invested $600,000 in a cattle ranch and I sold that ranch for $1,800,000 ten years later. What was my annual percentage rate return?
Question I invested $600,000 in a cattle ranch and I sold that ranch for $1,800,000 ten years later. What was my annual percentage rate return? Question How much can I borrow for the purchase of my first home if I can afford to make monthly payments of $1,000, and the annual interest rate is 4.8 percent on a 30-year mortgage?
Can you answer these questions like shown below in canvas thanks
12% | N | 10 | ||||
I | ? | |||||
PMT | 0 | |||||
PV | -800000 | |||||
FV | 2500000 | |||||
TYPE | 0 | |||||
GUESS | 0.01 | |||||
$83,395.81 | N | 360 | ||||
I | 0.005 | |||||
PMT | -500 | |||||
FV | 0 | |||||
PV | ? | |||||
TYPE | 0 |
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