Starting at the end of this year, you plan to make annual deposits of $4,000 for the next 10 years followed by deposits of $14,000 for the following 10 years. The deposits earn interest of 4.2%. What will the account balance be by the end of 34 years?
Round to the nearest cent. interested in buying a house and renting it out.
You expect to receive a monthly net income of $1350 from rent. You then expect to sell the house for $343,000 at the end of 51 months. If your discount rate on this investment is 10% (compounded monthly), how much is this property worth to you today? Assume that you receive rent at the beginning of each month and you receive the first rent the same day you purchase the property. Round to the nearest cent.