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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