This assignment is from the same textbook that that was derived from (Adelman, P. J., & Marks, A. M. (2010)Entrepreneurial Finance(5ed.) Pearson Education AND you did an excellent job for $50.00 1st paper and $60.00 for the 2nd paper . . . in (2) days!.
Essay:
The assignment is as follows:
Read the case of page 266 entitled the Blue Bonnet Café.
Write a 5 page, 1500 word APA formatted essay in response to:
A. The Family paid the land owners $350 monthly rent.
How much money could the land owner have made if they took $350 rent payment and placed in into an annuity paying 2% over the entire lifetime of the rental?
Do you think it would have been worthwhile? Why or Why not? Also, be sure to explain which kind of annuity you chose and why?
B. Would you consider building a portfolio of restaurants and then dedicating a portion of the overall rent to an annuity?
What would you do with the profits upon retiring? Do you think you would have a decent retirement account? Why or Why not?