2. A two room bungalow rents for $1200 per month plus utilities. The estimated utility expenses are: $280 every two months for electricity, $115 ever month for natural gas, and $150 every four months for water. a. Calculate the average monthly expenses for renting this house. b. Estimate the total expenses for one year.

2. A two room bungalow rents for $1200 per month plus utilities. The estimated utility expenses are: $280 every two months for electricity, $115 ever month for natural gas, and $150 every four months for water. a. Calculate the average monthly expenses for renting this house. b. Estimate the total expenses for one year.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

An individual has monthly expenses of $1,800 for rent and $1,000 for groceries, transportation, and other necessary expenses.Which average return should the individual expect to match 25% of yearly expenses on a $100,000 investment?
Ms. Susan is renovating her townhouse for a total price of $18,000. The work will be done in a month and she will start to rent the house to Mr. Sam with a monthly rental of $1,200. For how long time (in months) can Ms. Susan can break even from the renovation cost? (Complete the analysis in MS Excel Sheet and copy your analysis and answer here). Assume: • The annual maintenance cost is approximately $1,200. • Ms. Susan covers utility and electric bills which are approximately $150 every month. • The interest rate is 0.5%. • Present Value = Future Value/(1+i)^n
What is the formula needed for Excel to find the monthly payment on a house that cost $189,000 in ARP of 3.1% and last for 32 years
Polly purchased a car. She paid ₱150,000.00 as down payment, and₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly.a.) What is the periodic rate?b.) How many payments must be made?c.) What is the equivalent cash price of the car?
Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $280,000 with a 80% assessment rate. Art feels that his return should be 10% per month on his investment after all expenses. The tax rate is $32.50 per $1,000. Art estimates it will cost $275 per month to cover general repairs, insurance, and so on. He pays a $140 condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art.
Polly purchased a car. She paid ₱250,000 as down payment, and ₱15,000 payable at the beginning of each month for 48 months. If money is worth 12% compounded monthly, what is the equivalent cash price of the car?
Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo was $255,000 with a 70% assessment rate. Art feels that his return should be 12% per month on his investment after all expenses. The tax rate is $31.50 per $1,000. Art estimates it will cost $250 per month to cover general repairs, insurance, and so on. He pays a $120 condo fee per month. All utilities and heat are the responsibility of the tenant. Calculate the monthly rent for Art. (Round your intermediate calculations and final answer to the nearest cent.)
1. You purchased two condos for $100,000 cash down, with loan and insurance payments of $1,500 3 month for the next 10 years. Your association fees are $150 amonth. You plan to rent out one of the condos to cover 80% of your housing expenses. What rent amount do you need to charge your tenant?
Hilario Hernandez is the owner of 20 units of one-bedroom residential apartments which are leased out at a monthly rental of P14,000, and 15 units of two-bedroom apartments which are leased out at a monthly of P17,000. All the said units were leased out throughout the whole calendar year 2020. How much is the VAT on the gross receipts of Mr. Hernandez for the year?
Panpan purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly. What is the equivalent cash price of the car?
Home ownership has other expenses, including taxes, homeowner's insurance and utilities. The annual property tax can be estimated as 1% of the amount borrowed and the annual homeowner's insurance can be estimated as 2% of the amount borrowed. For a moratage of 145,000 find the following a). What is the monthly ampount of property tax?. b). what is the monthly amount of homeowner's insurance?
Jane started to work this August. Since she received her first salary at the beginning of August, she has been deposited $1,500 in a special account. She will insist doing so once she receives her salary. She is paid every 2 weeks (half month). The interest rate is 4.1%. She plans to a buy a three-bedroom house in this city, which is about $600,000. The down payment is 20% of the house price. Please estimate for her how many years later the balance in this saving account is enough to pay the down payment of the new house. Group of answer choices 74.35 years 3.12 years 3.15 years 75.2years

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