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Question
Assume that a piece of land is currently value at $50,000. If this piece of land is expected to appreciate at an annual rate of 5% per year for the next 20 years, how much will the land be worth 20 years from now?A.$100,898.99
B.$112,633.09
C.$123,860.81
D.$132,664.89
Answer
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Related questions
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Which of the following is an example of a negative easement appurtenant?
A.A driveway easement across one parcel to another.
B.Rights-of-way for roads.
C.A common drive easement where owners of adjoining lots must permit each other to use a driveway lying on their shaped property line.
D.A scenic easement used to restrict construction on adjacent parcels so as to preserve a valued view.
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In 2007, the housing market was widely viewed as:
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B.a surging market pushing prices and new construction to unprecedented levels
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A.Medical office buildings owned by the doctors
B.Branch offices owned by the bank
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Given the following information on a 30-year fixed-payment loan, determine the remaining balance that the borrower has at the end of seven years. Interest Rate: 7%, Monthly Payment: $1,200.
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B.yield maximized returns when assets are held for short periods of time.
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The market for buying, selling, and leasing real estate can be characterized by all of the following EXCEPT:
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What proportion of U.S. households own their home?
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Q:
Which of the following terms refers to the present value of the right to receive a lump sum payment of $1 at the end of a particular year, given a specified discount rate?
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While the development of the secondary market for mortgages focuses on funding provided by long-term holders of mortgage assets, loan originators still play an important role in the growth of the commercial real estate market. Historically, the most active commercial mortgage originators have been:
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The rate that is used to discount expected future cash flows can be thought of as the return the investor is forgoing on an alternative investment of equal risk. In this framework, the discount rate is being thought of as which of the following?
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B.Opportunity cost
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Which of the following items would most likely be considered a fixture?
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Q:
The pooling of equity capital by investors to purchase real estate in the private market is referred to as syndication. With pooled ownership structures, investors expect to receive all of the following benefits EXCEPT:
A.Diversification.
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C.The ability to obtain debt financing at the portfolio level.
D.Management control of each of the properties in the syndicate's portfolio.
Q:
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A.appraisal report
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C.loan commitment
D.rate lock agreement
Q:
Of the following lending relationships, which gives the borrower the most senior claim to the cash flows associated with a property?
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B.Joint venture
C.Land sale-leaseback
D.Complete sale-leaseback
Q:
An interest-only balloon mortgage loan is commonly referred to as a(n):
A.Mini-perm loan
B.Mezzanine loan
C.Land acquisition loan
D.Bullet loan
Q:
Given the following information, calculate the lender's yield. Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Payment: $1,225.00, Discount points: 2.
A.7.7%
B.8.0%
C.8.2 %
D.10.0 %
Q:
Given the following information on a fixed-rate loan, determine the maximum amount that the lender will be willing to provide to the borrower. Loan Term: 30 years, Monthly Payment: $800, Interest Rate: 6%.
A.$6,707
B.$9,295.15
C.$13,333
D.$133,433