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Snowcat [4.5K]
2 years ago
14

Lonnie is considering the purchase of a rental property with several units. The property rents for $8,600 a month when all units

are occupied. When all units are occupied, additional income from on-sight laundry facilities is expected to be $200 a month. The units are expected to be rented 85% of the year. Additional expenses associated with the property include real estate taxes of $10,000 a year, liability insurance of $3,500 a year, advertising expense of $1,500 a year, maintenance costs of $12,500 a year, depreciation of $20,500 a year, and interest expense on the property loan of $24,000 a year. If Lonnie's required rate of return on the property is 11%, what is the intrinsic value of the property?
Business
1 answer:
Ahat [919]2 years ago
3 0

Answer:

$ 347,818

Explanation:

Intrinsic value of property = Net operating income / Capitalisation rate

WHILE

Net operating income = Earning from property - Operating expenses which is related to property

Earning from Property =

($8600+$200)*12*85%

=$8800*12*0.85

=$89,760

Operating expenses;

Property tax $10,000

Insurance $3,500

Advertising expenses $1,500

Maintenance cost $12,500

Interest expenses  $24,00

Total  $51,500

Net operating income =$89,760-$51,500

=$38,260

Net operating income for perpetuity

Intrinsic value = 38260/0.11

=$ 347,818

Therefore  the intrinsic value of the property is $ 347,818

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Patricia Nall was approved for a $3,000, two-year, 11 percent loan with the finance charges figured using the discount method. H
Luba_88 [7]

Answer:

$2,340

Explanation:

The computation of cash received from this loan is shown below:-

cash received from this loan = Approved amount - (Approved amount × Two year × Percentage of loan )

= Approved amount - ($3,000 × 2 × 11% )

= $3,000 - ($3,000 × 2 × 0.11 )

= $3,000 - $660

= $2,340

Therefore, for computing the cash will Patricia receive from this loan we simply applied the above formula.

4 0
2 years ago
Fill in both blanks with the correct terms: A _________ percentage of young people have debt than older generations, while their
Vinil7 [7]

Answer:

The correct answer is letter "C": Larger, lower.

Explanation:

According to different researches carried out across the U.S., young adults who are between 18 and 29 years old have a total debt to $1.05 trillion. Individuals' debt who are older than 70 is $1 trillion. The average debt amount that young adults (18-29) have is $22,000 while elder people from 50 years old and on is $36,000.

Then, <em>young adults have larger accumulated debt than elders and their debt amounts are lower as well.</em>

7 0
2 years ago
Read 2 more answers
This program will store roster and rating information for a soccer team. coaches rate players during tryouts to ensure a balance
Vedmedyk [2.9K]

Answer:

Explanation:

#include <iostream>

#include <vector>

using namespace std;

int main() {

   vector<int> jerseyNumber;

   vector<int> rating;

   int temp;

   for (int i = 1; i <= 5; i++) {

       cout << "Enter player " << i

            << "'s jersey number: ";

       cin >> temp;

       jerseyNumber.push_back(temp);

       cout << "Enter player " << i

            << "'s rating: ";

       cin >> temp;

       rating.push_back(temp);

       cout << endl;

   }

   cout << "ROSTER" << endl;

   for (int i = 0; i < 5; i++)

       cout << "Player " << i + 1 << " -- "

            << "Jersey number: " << jerseyNumber.at(i)

            << ", Rating: " << rating.at(i) << endl;

   char option;

   '

   while (true) {

       cout << "MENU" << endl;

       cout << "a - Add player" << endl;

       cout << "d - Remove player" << endl;

       cout << "u - Update player rating" << endl;

       cout << "r - Output players above a rating"

            << endl;

       cout << "o - Output roster" << endl;

       cout << "q - Quit" << endl << endl;

       cout << "Choose an option: ";

       cin >> option;

       switch (option) {

           case 'a':

           case 'A':

               cout << "Enter a new player's"

                    << "jersey number: ";

               cin >> temp;

               jerseyNumber.push_back(temp);

               cout << "Enter the player's rating: ";

               cin >> temp;

               rating.push_back(temp);

               break;

           case 'd':

           case 'D':

               cout << "Enter a jersey number: ";

               cin >> temp;

               int i;

               for (i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       jerseyNumber.erase(

                               jerseyNumber.begin() + i);

                       rating.erase(rating.begin() + i);

                       break;

                   }

               }

               break;

           case 'u':

           case 'U':

               cout << "Enter a jersey number: ";

               cin >> temp;

               for (int i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       cout << "Enter a new rating "

                            << "for player: ";

                       cin >> temp;

                       rating.at(i) = temp;

                       break;

                   }

               }

               break;

           case 'r':

           case 'R':

               cout << "Enter a rating: ";

               cin >> temp;

               cout << "\nABOVE " << temp << endl;

               for (int i = 0; i < jerseyNumber.size();

                    i++)

                   if (rating.at(i) > temp)

                       cout << "Player " << i + 1

                            << " -- "

                            << "Jersey number: "

                            << jerseyNumber.at(i)

                            << ", Rating: "

                            << rating.at(i) << endl;

               break;

           case 'o':

           case 'O':

               cout << "ROSTER" << endl;

               for (int i = 0; i < jerseyNumber.size();

                    i++)

                   cout << "Player " << i + 1 << " -- "

                        << "Jersey number: "

                        << jerseyNumber.at(i) << ", Rating: "

                        << rating.at(i) << endl;

               break;

           case 'q':

               return 0;

           default:

               cout << "Invalid menu option."

                    << " Try again." << endl;

       }

   }

}

4 0
1 year ago
to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48%
max2010maxim [7]

Answer:

The approximate monthly payment is $383

Explanation:

Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.

Firstly, we start off by subtracting 48% residual value from the MSRP

48% of 26,500 = 48/100 * 26,500 = $12,720

We subtract this from $26,500

That will be $26,500 - $12,720 = $13,780

We have 3 years and that is 36 months

So the approximate monthly payment will be;

$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit

6 0
2 years ago
Suppose that there are two cities that are alike in every way except that one city has significantly better weather than the oth
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Answer:

bad weather

good weather

upward

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Explanation:

8 0
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