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Neubauer_Alex_Dan1 - Real Estate 306 Real Estate Process...

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Real Estate 306: Real Estate Process, Spring 2010 Assignment 1 Name: Neubauer_Alex_Dan (Due February 12th @ 5:00 pm) Student ID#: 905 665 4537 This assignment is due by 5:00 p.m. on Friday, February 12th uploaded to the course website . Please label your files Lastname_Firstname_Name of Your TA . You must show all work or assumptions used to receive full credit on the assignment. Use four decimal places on your calculator, but round to the nearest dollar. Round interest rates, cap rates and IRR out to two decimal places (ex. 9.46%). ______________________________________________________________________________ You will lose credit on the homework if your file is not named appropriately with your name and your TAs name (Dan or Rich)!!!
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PROBLEMS & INSTRUCTIONS ____________________________________________________________________________ This assignment is due by 5:00 p.m . on Friday, February 12th uploaded to the course website. The Course website will not allow files to uploaded after this time. NOTE: For calculator problems, please write down what you entered in each cell. For example, you might enter: PV = 1000 PMT = -25 I/YR = 8% N = 20 Solve for FV = xxx _____________________________________________________________________________ 1) Future Value a) You deposit $30,000 into a bank today. The interest rate is 3.5% compounded annually. What is the balance of the account after 5 years? Set P/Y to 1 PV= -30,000 N= 5 I/YR= 3.5 FV= 35,631 b) What is the balance after 20 years?
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