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3 years ago

10

Comparable sales of duplexes in a market indicate a grm of 146. if the annual income of the subject is $24,000, what is the prop

erty's estimated value?

1 answer:

WITCHER [35]3 years ago

7 0

$3,504,000

Using GRM (Gross Rental Multiplier) to calculate value, simply multiply the estimated rental income by the GRM:

$24,000*146= $3,504,000

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3 years ago

A firm offers terms of 1.8/10, net 30. a. What effective annual interest rate does the firm earn when a customer does not take t

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Answer:

a) 39.304%

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Explanation:

a. Given"

Offer terms = 1.8/10

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= $(\frac{\textup{100}}{\textup{100 - Discount rate}})^{(\frac{365}{total period - discount period})}-1$

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= $(\frac{\textup{100}}{\textup{100 - 1.8}})^{\frac{365}{(30 - 10)}}-1$

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similarly,

b. for 2.8/10 net 30

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3 years ago

Mitchell Corporation bought equipment on January 1, 2012 .The equipment cost $120,000 and had an expected salvage value of $20,0

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$100,000

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Answer: The answer is given below

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An investment is advertised as returning 5.5% every 6 months (semiannually), compounded semiannually. If $50,000 is invested, th

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