Review materials answers

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Answers to "Review Materials for Real Estate Fundamentals" Practice Problems

TVM Problem Set 1:

1.    $24,464,43
2.    $25,093.31
3.    $1,738.91
4.    $4,755.19
5.    $675,764.89
6.    $14,381.74

TVM Review: Problem set 2 Answers:

    1)      10% compounded semi-annually (1.05^2 = 1.1025; 1.0238^4 = 1.0984)
    2)      19,236.15
    3)      98,111.31
    4)      5,575.46
    5)      22,601.66
    6)      15.94%
    7)      6,357.56

TVM Review: Problem set 3 Answers:

    1)      ANN: 15 – 25,288.30 25-20,519.45  MO: 15-2,067.95 30-1614.72
    2)      14,043.41
    3)      Yes, NPV = 10,850.30
    4)      13.22%
    5)      PMT = 103,873.36 
            a.       Balance end of year 5 equals 961,283.21
            b.      Balance end of year 15 equals 801,472.49
    6)      PV = 854,972.16
    7)      79,612.63 + 220,436.31 = 300,048.94
    8)      PMT = 638.58 (724.26 – 638.58 = 85.68)
    9)      IRR = 16.2%; NPV = 1,306.20
    10)  68,640.81