Compound Interest and Appraised Value of Property
Not what you're looking for?
I borrowed 33 1/3 percent of the appraised value to purchase a comercial property. The lender charged me interest at the rate of 11% per annum. My interest for the first ayear amounted to 5,315.51. What was the appraised value of the property and how did you get it?
Purchase this Solution
Solution Summary
Compound interest and appraised value of property are investigated and discussed in the solution.
Solution Preview
Please see the attached file for the complete solution.
I BORROWED 33 1/3 PERCENT OF THE APPRAISED VALUE TO PURCHASE A COMERCIAL PROPERTY. ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Basics of corporate finance
These questions will test you on your knowledge of finance.
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.