1 phil can afford 160 a month for 4 years for a car loan if, Ask an Expert

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1. Phil can afford $160 a month for 4 years for a car loan. If the interest rate is 5.6 percent compounded monthly, how much can he afford to borrow to purchase a car?

2. Estimate the appraisal value of a tract of land with a current cash flow rent of $80 per acre, a nominal capitalization rate of 10 percent, and an inflation rate of 5 percent. How would you validate this value? What is the anticipated land value in one year? Two years?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744172

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