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What is the cash value of the property

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1.)Aleena rents a suite and pays ?$1010 in monthly rent in advance. What is the cash value of the property if money is worth 8.5?% compounded monthly??

2.) Jean inherited ?$56,000?, where the terms of the inheritance state that she is to receive ?$720 at the end of each month?, starting in two ?years, until the money is completely withdrawn. If the money is placed in a savings account earning 9?% compounded semi-annually?, how long will the inheritance? last? State your answer in years and months? (from 0 to 11? months).

3.)A property development agreement valued at ?$60,000 requires semi-annual lease payments of ?$6,500. The first payment is due three years after the date of the agreement and interest is 6?% compounded annually. For how long will payments be? made?

Reference no: EM132577802

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