You are buying an investment property for $362186 today. Through research, you have determined that the value of the property is likely to grow at a rate of 7.75% per year, on average. How long until the value of the property grows to $527977?

A real estate investor has purchased a property for $125971. If they require a return of 11.92%, how much must they sell the asset for in 8 years?

This problem set includes questions that you will be required to solve:

1. rate (r)

2. time (t)

3. PV of a lump sum

4. FV of a lump sum