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Author Question: What monthly lease payment due in advance should be charged for a tract of land valued at $135 000 ... (Read 243 times)

JGIBBSON

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Question 1

Aaron Perry bought an income property for $41 321.00 three years ago. He has held the property for the three years without renting it. If he rents the property now, what should be the size of the monthly payment due in advance be if money is worth 6.24% compounded monthly?

Question 2

What monthly lease payment due in advance should be charged for a tract of land valued at $135 000 if the agreed interest is 8.15% compounded semi-annually?


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Marked as best answer by JGIBBSON on Jun 6, 2019

Jbrasil

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