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mash [69]
2 years ago
9

You have just started a new job and plan to save $5,300 per year for 34 years until you retire. You will make your first deposit

in one year. How much will you have when you retire if you earn an annual interest rate of 9.37 percent
Business
1 answer:
makkiz [27]2 years ago
8 0

Answer:

$1,132,145

Explanation:

n = 34 years

PMT = $-5,300 (Annual savings)

i/r = 9.37% (Annual interest rate)

PV = 0 (no savings at year 0)

FV = ? (How much will you have when you retire)

Using financial calculator, FV = $1,132,145

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Complete/Correct Question:

An investor is analyzing a three-unit property by looking at its ability to produce future income. Which of the following would most likely be used to determine this value?

a. Effective gross income

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Answer:

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Gross rent multiplier is very useful when deciding or trying to select properties to invest in to ensure that factors such as depreciation, periodical cost, etc affects the property/investment drastically.

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Cheers

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Answer:

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