An investor purchased a one-acre lot on the outskirts of a city for $9000 cash. Each year
Question:
An investor purchased a one-acre lot on the outskirts of a city for $9000 cash. Each year he paid $80 of property taxes. At the end of 4 years, he sold the lot. After deducting his selling expenses, the investor received $15,000. What rate of return did he receive on his investment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
PW of Benefits PW of Cost 0 15000 PF i 4 9000 80 ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
An investor purchased a 91-day, $100 000 T-bill on its issue date for $99 326.85. After holding it for 42 days, she sold the T-bill for a yield of 2.52%. (a) What was the original yield of the...
-
An investor purchased a 182-day, $100 000 T-bill on its issue date. It yielded 3.85%. The investor held the T-bill for 67 days, then sold it for $98 853.84. (a) What was the original price of the...
-
An office unit located on the outskirts of Edinburgh has recently been let to a major accountancy firm on a 10-year lease on FRI terms with no reviews at 220,000 p.a. which is considered to be the...
-
2. A magazine printer is considering taking on a new weekly publication. The company's financial officer has researched and determined costs and a committee of upper management personnel are deciding...
-
Find a mathematical model for the verbal statement. 1. A varies directly as the square of r. 2. V varies directly as the cube of l. 3. Y varies inversely as the square of x. 4. H varies inversely as...
-
What annual inflation rate is implied from an inflation-adjusted interest rate of 10% per year, when the real interest rate is 4% per year?
-
The following data are the response times (in minutes) of six people measured after two treatments. The order in which each person received the treatments was determined by randomization. The...
-
Each of the following scenarios is independent. Assume that all cash flows are after- tax cash flows. a. Colby Hepworth has just invested $ 400,000 in a book and video store. She expects to receive a...
-
1. Please describe in detail the differentiation advantages that Southwest Airlines has (if they have any) over its rivals. 2. Please explain why these advantages are sustainable.
-
A supplier shipped $3,000 of ingredients on 12/29/17. Peyton receives an invoice for the goods, as well as a bill for freight for $175, all dated 12/29/17. Goods were shipped FOB suppliers warehouse....
-
One aspect of obtaining a college education is the prospect of improved future earnings in comparison to non-college graduates. Sharon Shay estimates that a college education has a $28,000 equivalent...
-
A popular reader's digest offers a lifetime subscription to the magazine for $200. Such a sub sanction may be given as a gift to an infant at birth (the parents can read it in those early years), or...
-
For a company like Scotiabank, provide two examples of transactions that you would classify as financing, investing, and operating activities.
-
Consider the function f(x) = ln(1 + x) a) Obtain Taylor series of f(x) around x = 0. Write down the procedure in detail, not just the final outcome. b) Write a MATLAB user-defined function that...
-
A spherical water tank of radius, R = 4 meters is emptied through a small circular hole of radius r = 0.02 meters at the bottom. The top of the tank is open to atmosphere. The instantaneous water...
-
m M 1.r 53! M.I.R. O there is object to roll Without sliding. enough friction for the round v = 6cm R = = 20 cm m = 2 kg M = 1 Rey M = 0,25 I = 0,04 Kg.m 1 = 0,0036 1 m t = = 0 second A) What is the...
-
The diameter of an undirected unweighted graph G, denoted by diam (G), is the maximum distance between any pair of nodes in G. Equivalently, it is the longest of the shortest paths between all pairs...
-
For the Boolean functions E and F, as given in the following truth table: Y Z F E 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 1 0 0 1 0 1 1 1 1 1 1 (a) List the minterms and maxterms of each function. (b)...
-
A particular cylindrical Gaussian surface encloses no charge. If 20 electric field lines pass into the cylinder through one of the flat ends of the cylinder and 16 of these lines emerge from the...
-
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
-
Why would it be better to lean against credit-driven bubbles and clean after other types of asset bubbles crash?
-
The M&M Company purchased a new punch press in 2005 at a cost of $265,000. M&M also paid $46,000 to have the punch press delivered and installed. The punch press has an estimated useful life of 12...
-
The Vermont Construction Company purchased a hauling truck on January 1, 2009 at a cost of $35,000. The truck has a useful life of eight years with an estimated salvage value of $6,000. The...
-
The Harris Foundry Company purchased new casting equipment in 2010 at a cost of $190,000. Harris also paid $25,000 to have the equipment delivered and installed. The casting machine has an estimated...
-
United States Dominance in Psychology Collaboration is a critical feature of global psychology. In order for professionals to work together throughout the world, it is important for them to have some...
-
( support your answer with one academic reference and non-academic or industry reference ). Every year, as a CEO of a company, you are required to make an annual formal report. In your opinion, what...
-
Question 1 Apple is back under the spotlight over labor conditions in its supply chain following an explosive report from The Information on Thursday that revealed new details about the company's...
Study smarter with the SolutionInn App