Real Estate Principles Chapter 15 Answer Key

# Real Estate Principles Chapter 15 Answer Key - Real Estate...

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Real Estate Principles: A Value Approach Chapter 15 Test Problems Answer Key 1. How much will a \$50 deposit made today be worth in 20 years if interest is compounded annually at a rate of 10 percent? a. \$150.00 b. \$286.37 c. \$309.59 d. \$336.38 e. \$2,863.75 2. How much would you pay for the right to receive \$80 at the end of 10 years if you can earn 15 percent interest? a. \$19.15 b. \$19.77 c. \$38.48 d. \$38.82 e. \$70.65 3. How much would you pay to receive \$50 in one year and \$60 in the second year if you can earn 15 percent interest? a. \$88.85 b. \$89.41 c. \$98.43 d. \$107.91 e. \$110.00

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4. What amount invested at the end of each year at 10 percent annually will grow to \$10,000 at the end of five years? a. \$1,489.07 b. \$1,637.97 c. \$1,723.57 d. \$1,809.75 e. \$2,000.00 5. How much would you pay for the right to receive nothing a year for the next 10 years and \$300 a year for the following 10 years if you can earn 15 percent interest? a.
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## This homework help was uploaded on 04/06/2008 for the course REAL 4000 taught by Professor Martin during the Fall '08 term at University of Georgia Athens.

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Real Estate Principles Chapter 15 Answer Key - Real Estate...

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