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Questions 24-27 please. Question 24 1 pts 24. An investor can make an investment in a real estate development and receive an expected cash return
Questions 24-27 please.
Question 24 1 pts 24. An investor can make an investment in a real estate development and receive an expected cash return of $80,000 after six years. After evaluating other alternative, the investor decides that for the given level of risk, an 11% annual return (compounded semi- annually) is appropriate. How much should the investor be willing to pay? Question 25 1 pts 25. If your grandparents give you $100 every year for your birthday and you put itin a savings account paying 4.5% annually, with annual compounding, howmuch money will you have on your 21st birthday? Question 26 1 pts 26. If you can afford a $1300 monthly mortgage payment, what is the largest 15-year mortgage with monthly payments at a fixed 6.2% contract rate you could afford? Question 27 1 pts 27. If you can afford a $1200 monthly mortgage payment, what is the largest 30-year, monthly paying mortgage at a fixed 6.5% contract rate you could affordStep by Step Solution
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