For Essay Questions  7-14: Select Five of these 8 questions….

For Essay Questions  7-14: Select Five of these 8 questions.  IF you do not want to answer, you should write “SKIP” and move to the next question A8 Explain why  a foreclosure sale sometimes desirable or even necessary when the mortgagor is willing to give a voluntary deed.

For Problems 15 – 20 select FOUR of these problems.  Write “…

For Problems 15 – 20 select FOUR of these problems.  Write “SKIP” for only one of these 5 problems.   P2A The Dallas Development Corporation is considering the purchase of an apartment project for $100,000.  They estimate that they will receive $15,750 at the end of each year for the next 10 years.  At the end of the 10th year, the apartment project will be worth nothing. A.  If Dallas purchases the project, what will be its internal rate of return, compounded annually?  B. If the company insists on an 8.125 percent return compounded annually on its investment, is this a good investment (Justify your answer)?