A farmer is planning on investing in land with real net returns of $29.44 per acre and assuming these real returns will increase by 2.21% each year. The marginal tax rate is 15.63% and the inflation rate is 4.54%. This farmer is going to sell this piece of land in 3 years. Required:
a. Calculate the real net return at the end of year 2.
b. Calculate the nominal net return at the end of year 3.
c. Calculate the after-tax nominal net return at the end of year 3.

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19