jeffcarpenter

19.08.2020 • 

Business

Ben and Amanda are interested in a vacant, undeveloped lot. They are going to continue to live in their current home, pay off the lot's loan, and then build a new home on the lot. Before closing on the purchase of the lot, they discover the zoning regulations permit nightclubs to be built in the immediate area. They specifically asked the broker about this issue and were told there was no reason to worry. What are Ben and Amanda's options, if any?

Ответ:

elricardo34

27.12.2020

Business

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Total FV= $678.615.02

Explanation:

First, we need to calculate the value of the annuity at the end of the last payment:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

Now, the total future value after 25 years:

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

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