What rate of return did joe receive on his investment

Assignment Help Accounting Basics
Reference no: EM131883623

Problem

Joe bought a vacation lot for $5000 down and monthly payments of $250. After 40 months he sold the lot. The new owner assumed the balance of the loan and paid Joe $17, 100. What rate of return did Joe receive on his investment?

Reference no: EM131883623

Questions Cloud

What is joeys desired rate of return on the given lease : Joey Co. leased equipment to Legoria Co. on April 1, 2017. The first of eight equal annual payments. What is Joey's desired rate of return on this lease?
What would an equivalent salary have been in 1997 : How much interest will you pay over the life of your car loan if you borrow $8,000 over a 36 month period at an interest rate of 8%?
What income will joe have reported to him on his schedule : What income will Terry have reported to him on his Schedule K-1? What income will Joe have reported to him on his Schedule K-1?
Explain conceptually how bonds are priced : What is a bond? Explain conceptually how bonds are priced. Can bond prices be affected by interest rate? Why?
What rate of return did joe receive on his investment : Joe bought a vacation lot for $5000 down and monthly payments of $250. After 40 months he sold the lot. What rate of return did Joe receive on his investment?
How much money will you have on the date of your retirement : Your job pays you only once a year for all the work you did. How much money will you have on the date of your retirement 35 years from today?
How long will it take you to pay off your card : If you invest $1000 today, how much will you have in 15 years if your 15-year Certificate of Deposit (CD) pays 5% annual interest, compounded monthly?
Compute the new price of the bond. : Compute the new price of the bond. Use Appendix B and Appendix D for an approximate answer but calculate your final answer.
What is the joes recognized gain : Joe England sold equipment on May 10, 2014 for $180,000. He bought the equipment on November 7, 2012. What is Joe's recognized gain in 204 and 2015?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd