Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the figure below, calculate the percentage of revenue to the lender based on the monthly construction draw schedule. The project assumes a discount
Using the figure below, calculate the percentage of revenue to the lender based on the monthly construction draw schedule. The project assumes a discount rate of 10%, and is for a 25-acre tract of land outside Lexington, KY. Month 0 Construction Draw Sales Revenue (Lot Sales) 509,600 0 1, 327,600 0 2345678 327,600 0 327,600 0 1.09,200 226,100 109,200 226,100 109,200 226,100 0 455,525 0 455,525 9 0 455,525 10 0 455,525 The % of revenue to the lender is O 76.2% 137.4% 72.8% 131.2%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started