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- Housing PricesConsider a 1,500 square foot house, which rents monthly for $0.75 per square foot. Prevailing interest ratesare 5 percent, and remain constant(a) Assuming the rent is constant, and that you cannot resell the home, what is the most you’d be willingto pay for it?(b) Now suppose you could sell the house after 4 years, what is the most you’d be willing to pay for it?(c) Suppose that the house requires a constant annual maintenance cost of $500 to last forever, how muchare you willing to pay for it today?(d) If rent is not constant, but grows at a rate of 0.5 percent per year, how much would you pay for thehouse? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sureAngela puts $1,000 in a savings account that pays 3 percent per year. What is the future value of her money one year from now? a. $970. b. $1,000. c. $1,003. d. $1,030.Find the present worth today in real value corresponding to the cur- rent values shown below for a 4 percent ination rate and a 4 percent interest rate. a. $400 three years from now b. $400 three years ago c. $10 next year d. $350 983 in 10 years from now e. £1 one thousand years ago the answer is 292 f. $1 000 000 000 three hundred years from now
- The Turners have 10 years to save a lump-sum amount for their child’s college education. Today a four-year college education costs $75,000, and this is expected to increase by10%per year into the foreseeable future. a. If the Turners can earn 6% per year on a conservative investment in a highly rated taxfree municipal bond, how much money must they save each year for the next 10 years to afford to send their child to college? b. If a certain college will “freeze” the cost of education in 10 years for a lump-sum of current value $150,000, is this a good deal?The annual cost to maintain a cemetery plot is $75. If interest is 6% how much must be set asideto pay for perpetual maintenance?a. $1,150b. $1,200c. $1,250d. $1,300Calculate the present value on January 1, 20X0 of a perpetuity paying $1,000 at the end of each month starting from January 20XÒ. The monthly discount rate is 0.8%.
- 4. A business generates an annual income of$50,000and a salvage value of$500,000in 10 years. How much would you pay for this to havei=10%? 5. Determine IRR in problem 4 if you pay$490,000for the business. (percentage format) Answer ASAP with proper explanation .Gabe purchases a $500 bond that has 6 remaining semi-annual 6% coupon payments for $450. What would be his return per half year period? Round entry to 1 decimal place. The tolerance is ±0.4.A firm is considering purchasing equipment to manufacture a new product. The equipment will cost $3M, and expected net cash inflowsare $0.35M indefinitely. If market demand for theproduct is low, then over the next five years thefirm will have the option of discarding the equipment on a secondary market for $2.2M. Assume thatMARR = 12%, s = 50%, and r = 6%. What isthe value of this investment opportunity for the firm?
- Calculate the expected present value of an annuity payable half-yearly in arrears for a maximum of 30 years to a life now aged 50. The annuity is $10,000 per annum in the first 10 years and will increase to $15,000 per annum afterwards. There is a guarantee for the first 5 years of payments. The interest rate is 6% per annum and the mortality basis is AM92 ultimate. Give your answer to the nearest cent.You have inherited a large sum of money from your great aunt. Her will stipulates that you will be paid $25,000 each year in perpetuity. Assuming a discount rate of 3%, what is the Present value (PV) of her bequest to you? answ : 833333.33Consider a retired gentleman who starts to collect his Social Security benefits at the age of 66. The monthly check would be close to $2,460. Assuming that his interest rate is 6% compounded monthly, answer the following questions:(a) If he lives 20 years after retirement, what would be the equivalent total Social Security benefit collected?{b) If he lives 40 years after retirement, what would be the equivalent totalSocial Security benefit collected?(c) Suppose he lives forever. What would be the total amount collected? Now, comparing this answer with that in (b ). what can you conclude?