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REM 300 Study Guide - Final Guide: Down Payment, Savings Account, The Monthly

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erintortoise751
4 Oct 2021
School
Ryerson University
Department
Real Estate Management
Course
REM 300
Professor

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Document Summary

Another bank is willing to loan you 80% of the value of the property. You would like to invest per month for 4 years in a savings account that pays an annual interest of 4. 5%. You can invest in a savings account at a 2. 5% interest rate. Your grandmother has setup a trust of ,000 that you can access in full in 15 years. Using an annual interest rate of 6. 7% what is the. You"d like to save for the purchase price of a car in three years. The expected price of the car in 3 years is ,000. You can invest in a savings account at a 3. 5% interest rate. Your brother is willing to buy your new toyota corolla in 3 years. He is willing to pay you ,500 for the car irrespective of its condition. You are investing ,400 annually at an interest rate of 2. 5%.

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Introductory Statistics
OER Edition, 2013
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Related Questions

Which statement best describes the effects of low and high-interest rates on the economy?

A) Low-interest rates encourage consumers to borrow and spend, while high-interest rates encourage saving.

B) High-interest rates discourage consumers from investing, while low-interest rates encourage investment.

C) High-interest rates encourage consumers to borrow and spend, while low-interest rates encourage saving.

D) Low-interest rates encourage consumers to invest, while high-interest rates discourage investment.

Which of the following is not needed to compute the present value of an​ investment?

A) The interest rate.

B) The rate of inflation.

C) The amount of the receipt.

D) The length of time between the investment and future receipt.

 

Which one of the following statements concerning annuities is correct?

A) An ordinary annuity is more valuable than an annuity due over any period regardless of interest rates.
B) A decrease in the number of payments increases the future value of an annuity due over a specific time period.
C) An annuity with payments at the beginning of each period without interest rate changes is called an ordinary annuity.
D) An increase in the discount rate decreases the present value and increases the future value of an annuity.