Reference no: EM133053574
1. Larry and John purchased a warehouse property for $974,000 that they are going to lease to several? businesses, including a computer repair business. The property provides a net income of ?$3800 at the beginning of every month. What is the monthly compounded annual yield earned by the? property?
The annual yield earned is _________% compounded monthly.
?(Round the final answer to the two decimal places as needed. Round all intermediate values to six decimal places as? needed.)
2. What is the cash value of a lease requiring payments of ?$1,084.00 at the beginning of every month for 11 years, if interest is 5% compounded quarterly?
The cash value of the lease is ?$_________.
?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)
3. Matt?'s Machine Shop purchased a computer to use in tuning engines. To finance the? purchase, the company borrowed $15,300 at 6% compounded annually. To repay the? loan, equal monthly payments are made over five ?years, with the first payment due one year after the date of the loan. What is the size of each monthly payment?
The size of each monthly payment is $__________.
?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)