The home the Bensons purchased 13 years ago for $115,000 is now appraised at $385,000. What has
Question:
The home the Bensons purchased 13 years ago for $115,000 is now appraised at $385,000. What has been the annual rate of appreciation of the value of their home during the 13-year period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Given PV 115000 FV 385000 n 13 The compoun...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
4.80+
27+ Reviews
83+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
The home the Bensons purchased 13 years ago for $85,000 is now appraised at $215,000. What has been the annual rate of appreciation of the value of their home during the 13-year period?
-
Mr. and Mrs. Markovich note that the home they purchased 20 years ago for $70,000 is now appraised at $340,000. What was the equivalent annual rate of appreciation in the value of their home during...
-
Reddy owns common stock with a market value of $30,000. The stock pays a cash dividend of $1,200 per year (a 4% annual yield). Reddy is considering selling the stock, which she purchased 13 years ago...
-
Owner Shan Lo is considering franchising her Happy Wok restaurant concept. She believes people will pay $5 for a large bowl of noodles. Variable costs are $1.50 a bowl. Lo estimates monthly fixed...
-
A steam turbine has the inlet conditions of 5 MPa, 500oC and an exit pressure of 12 kPa. Assuming the atmospheric conditions to be 100 kPa and 25oC, plot how the exegetic efficiency of the turbine...
-
Explain how tax-benefit linkages, spillovers, and economies of scale influence fiscal federalism (that is, what each of those implies in terms of the optimal division of responsibilities across the...
-
Using the Gapminder software (https://www.gapminder .org/tools), set the vertical axis to Age at 1st marriage (women) and the horizontal axis to Babies per woman. This scatterplot shows the mean age...
-
Ray and Maria Gomez have been married 3 years. They live at 1610 Quince Ave., McAllen, TX 78701. Ray works for Palm Oil Corporation and Maria works for the City of McAllen. Maria's Social Security...
-
Image transcription text Question 6 Not yet answered Marked out of 1.00 '1" Flag question During a mountain?biking tripr Bill and Barry are discussing the merits of having the springs and shocks used...
-
The following information relates to Hudson City for its fiscal year ended December 31, 2017. During the year, retailers in the city collected $1,700,000 in sales taxes owed to the city. As of...
-
Jeff purchased Hudson's Bay Company shares on the Toronto Stock Exchange for $27.10. Twelve months later the shares were trading at $23.01. The shares paid dividends totalling $0.20. What was Jeff's...
-
Use the Rule of 72 to estimate how long it will take for an investment to double in value if it earns 4.65% compounded annually. Then; solve for the exact doubling time using the algebraic approach...
-
How would you estimate the equity value of a firm if you knew its enterprise value and the PV of all nonoperating assets, nonoperating liabilities, and long-term debt?
-
Estimating production quantities and sales quantities are difficult tasks as a company works to manage its inventory of both finished goods and raw materials. If successful on those fronts, these...
-
and old 15. What is the value of x after the following code segment is executed and why? boolean b=false;.! if (b=true) x=4; else x=3;
-
ABC Paints sells paints and chemical products. They are leading brand in this category. In 2019, they achieved a revenue of INR 250 Crores. They operate only in India which is a big market estimated...
-
Which is not true about financial forecasts? the product manager is accountable for achieving the financial forecast of the brands they manage the level of marketing investment impacts the market and...
-
Different wireless technologies exist, some operate in low frequency bands and some operate in high frequency bands. Explain the advantages and disadvantages of a high frequency technology (10s of...
-
Chandler Corporation reported pre-tax book income of $2,000,000. Tax depreciation exceeded book depreciation by $500,000. During the year the Company capitalized $250,000 into ending inventory under...
-
H Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 6 years left to maturity but could be called after three years for $1000 plus a call...
-
Is there sufficient evidence to infer that the proportion of White Americans has decreased since the 2010 census (RACE: 1 = White)?
-
Has the proportion of Americans who were never married changed since the census? Conduct a test to answer the question (MARITAL: 5 = Never married).
-
In 2010, the United States was just recovering from the housing debacle. The percentage of home ownership was 65.8%. Is there enough evidence to infer that the proportion of home ownership has...
-
Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a...
-
1. Review the following tracings, identify the type of BBB, and then explain how you determined your answers 2. Review the following tracing. Do you suspect left ventricular hypertrophy? Explain how...
-
What are signs that its time to cut corners to get the product launched, and what would you cut?
Study smarter with the SolutionInn App