Gainesville is a growing city. So when you graduate you deci…
Gainesville is a growing city. So when you graduate you decide to buy a lot just outside of town. You pay $[P] for the lot when you graduate. You then pay $[t] in property taxes each year. Four (4) years later you are ready to sell the lot. You sell it for $[F]. What rate of return did you earn on the lot? Hint: You will need to use the interpolation formula and can start with i1 = 12%. Submit your final answer as a decimal to 3 decimal places. EX: 0.343 Margin of error +/- 0.005 Enter your answer up to 4 decimal places.
Read DetailsIf the real interest rate is [i]% and the inflation rate is…
If the real interest rate is [i]% and the inflation rate is [f]% what is the market interest rate you should use to find the present worth of a series of cash flows. Submit your final answer as a decimal to 3 decimal places. EX: 0.343 Margin of error +/- 0.001
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