An investor just purchased an office building for $100,000. he knows for certain that he can sell the building for $110,000 in five years. approximately how much does he need to charge in annual rent in order to achieve a 15% annual return on the deal (rounded to the nearest hundred dollars)?

$13,000 per year

Explanation:

The annual return on the deal will needs to be 15%

the return would be:

Because we are asked to fullfil an annual rate and this is a 5 years project:

the return would be 0.15 * 5 years

Now posting the know values on the formula

We have to sovle for the rent

So 10,000 + 5YearsRent = 0.15*5*100,000

                    5YearsRent = 75,000 - 10,000

                    5YearsRent = 65,000

Now we have to divide by 5 year, because that would be the return for 5 years.

                  Rent = $65,000/5 years = $13,000 per year

a) both were commissioned explorers

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!