Question
In: Finance
to get a 10% return on a house that i bought this year for $500,000 how...
to
get a 10% return on a house that i bought this year for $500,000
how much should i sell it for next year?
step by step how to solve.
Solutions
Expert Solution
| Sale price = Cost of the house+10% of the cost = 500000*(1+10%) = | $ 550,000 |
| Answer: $550,000 |
jeff jeffy answered 2 years agoRelated Solutions
to get 10% return on a house bought for $200,000, how much shoukd it be sold...
to
get 10% return on a house bought for $200,000, how much shoukd it
be sold next year?
step by step
calcualtions
how am i not thinking like an economist? i bought a new house this year, but...
how
am i not thinking like an economist?
i bought a new house this year, but that house (which was new
to me) was originally built in the year 1908. i would classify this
as a consumption expenditure for this years GDP. Explain why this
is not correct by describing what is and what is not included in
this years GDP
Sam bought a house that costs $500,000. Sam got a 95% LTV loan.
Sam bought a house that costs $500,000. Sam got a 95% LTV
loan. The lender demanded that Sam buy private mortgage insurance
to insure the portion of the loan over 75% LTV. Suppose 5 years
later, Sam’s mortgage balance is $400,000. However Sam defaults and
his house sells for $220,000 in a foreclosure auction. How much
will the mortgage insurance company pay Sam’s
lender?
Sam bought a house that costs $500,000. Sam got a 95% LTV loan. The lender demanded...
Sam bought a house that costs $500,000. Sam got a 95% LTV loan.
The lender demanded that Sam buy private mortgage insurance to
insure the portion of the loan over 75% LTV. Suppose 5 years later,
Sam’s mortgage balance is $400,000. However Sam defaults and his
house sells for $220,000 in a foreclosure auction. How much will
the mortgage insurance company pay Sam’s lender?
Case 5: Tim bought a house for $500,000 in 2005 in California. When his daughter Mary...
Case 5: Tim bought a house for $500,000 in 2005 in California.
When his daughter Mary got married in August 2010, he gave the
house to Mary as a wedding gift. The fair market value of the house
was $400,000. Mary and her husband Jerry have lived in the house
since then.
1. How much is the taxable gift?
2. If later Mary wants to divorce Jerry, they will split the
house value 50/50. (True or False)If Mary and Jerry...
Case 5: Tim bought a house for $500,000 in 2005 in California. When his daughter Mary...
Case 5: Tim bought a house for $500,000 in 2005 in California.
When his daughter Mary got married in August 2010, he gave the
house to Mary as a wedding gift. The fair market value of the house
was $400,000. Mary and her husband Jerry have lived in the house
since then.
1. How much is the taxable gift?
2. If later Mary wants to divorce Jerry, they will split the
house value 50/50. (True or False)If Mary and Jerry...
I have bought a house for $300,000. I made a 20% down paymentand borrowed the...
I have bought a house for $300,000. I made a 20% down payment
and borrowed the rest at 4.2% APR with monthly compounding. It is a
30-year amortized loan. What will be my payments each month at
t=1,2,…,360?*Please post any calculator use and formulas*
I have bought a house for $300,000. I made a 20% down paymentand borrowed the...
I have bought a house for $300,000. I made a 20% down payment
and borrowed the rest at 4.2% APR with monthly compounding. It is a
30-year amortized loan. Prepare the first two rows of the
amortization table (beginning balance, PMT, interest paid,
principal paid, ending balance).*Please pot any formulas used or calculations done on
calculator*
I have bought a house for $300,000. I made a 20% down payment and borrowed the...
I have bought a house for $300,000. I made a 20% down payment
and borrowed the rest at 4.2% APR with monthly compounding. It is a
30-year amortized loan. Prepare the first two rows of the
amortization table (beginning balance, PMT, interest paid,
principal paid, ending balance).
I have bought a house for $300,000. I made a 20% down payment and borrowed the...
I have bought a house for $300,000. I made a 20% down payment
and borrowed the rest at 4.2% APR with monthly compounding. It is a
30-year amortized loan. What will be my payments each month at
t=1,2,…,360?
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