Learning Goal: I’m working on a numerical analysis multi-part question and need an explanation and answer to help me learn.1.Jeremiah deposits $17,000 into a savings account that earns 2% annual interest. The bank noted that the interest will be compounded monthly. Jeremiah intends to pull the total amount out after exactly 2 years. How much will the account be worth at that time? 2.Sally owns an investment property that will need a new roof 5 years from now at an estimated cost of $12,000. How much should she deposit every month into an account earning 4% annual interest if she wants to have enough money to cover that expected roof replacement cost in 5 years?3.Thomas is planning to invest $18,250 every month into an account earning 2.40% annual interest, compounding monthly. How much will be in the account after 3 years?4.What is the monthly payment on a $185,000 mortgage with a 30 year term and a 3.80% interest rate?5.You have the opportunity to purchase a property today that you believe will be worth $240,000 in 2 years. What would you pay today if you require a 8% annual yield on your investments?6.You are a commercial real estate broker representing Stephanie, who is a real estate investor. Stephanie owns a small retail strip mall and is considering an offer one of her best long-term tenants has made to her. This lessee believes that they need to make significant improvements to the unit they lease from Stephanie if they want to grow their own business. Their offer is to pay Stephanie an additional $350/month for the next 4 years if she will contribute some funds to the construction costs. Stephanie realizes that this could be a good opportunity for her to improve the property and earn a reasonable rate of return on her investment. She believes that she could earn a 9% rate of return by investing in another property, and has decided that the maximum amount she is willing to invest in this project will be determined by discounting the value of the future cash flows by that same amount.Since you have never steered Stephanie wrong, she calls you up and explains the situation to you. What is the maximum amount of money Stephanie should be willing to contribute to the project today if she wants to earn a 9% rate of return on the lessee’s offer?
Requirements: a number
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