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cupoosta [38]
2 years ago
11

Buying rental property is an investment option that carries a higher risk than some other options. However, the returns can be g

ood. Assume you have purchased a single-
family home that you intend to rent for $850 per month. You will have the following expenses:
Monthly mortgage $390
Monthly insurance $60
Semiannual property taxes $340
Repairs (yearly estimate) $500
Monthly lawn care or snow removal $100
The return on investment for the property is
% (Round to one decimal place.)
Mathematics
1 answer:
laila [671]2 years ago
4 0

Based on the expenses involved in running the property, and the rental amount, the return on the investment would be 31.1%.

<h3>What is the return on investment?</h3>

First find the amount earned per year:

= 850 x 12

= $10,200

The yearly expenses would be:

= (390 x 12) + (60 x 12) + (340 x 2) + 500 + (100 x 12)

= 4,680 + 720 + 680 + 500 + 1,200

= $7,780

The annual ROI is:

= (10,200 - 7,780) / 10,200 x 100%

= 31.1%

Find out more on Return on Investment at brainly.com/question/11913993.

#SPJ1

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The average American is responsible for about 20,000 kilograms of carbon emission pollution each year. Express this number as a
kondor19780726 [428]
2 x 10000 = 20000

2 x 10 x 10 x 10 x 10

The answer is 2 x 10^4
3 0
3 years ago
What is the slope of the line?<br> y + 1 = 3(2x - 4)
Alexeev081 [22]

Answer: 6

Step-by-step explanation:

Let's start by getting the equation to slope intercept form

First simplify

y + 1 = 3(2x - 4)\\\\y+1=6x-12

Then get y by itself

y+1-1=6x-12-1\\y=6x-13

In slope intercept form y=mx+b, m is the slope

In this case the slope is 6

6 0
2 years ago
If you multiply a number by 3 and divide by 4 the result is 24. what is the number?
solong [7]
To solve this problem, we are going to set up an equation.  Let the number that we are trying to find be represented by the variable x.  If we plug in the numbers that we know, we get the following equation:

3x/4 = 24

To simplify this equation, we need to multiply both sides by 4, to begin getting the x alone on the left side of the equation.

3x = 96

Finally, we need to divide both sides by 3, to get rid of the coefficient that is being multiplied to x.

x = 32

Therefore, the number that you are trying to find is 32.
4 0
3 years ago
Read 2 more answers
Three less than 5 times a number is less than or equal to 12. If the number is a whole number, what could the number be?:
PIT_PIT [208]

Answer:

D

Step-by-step explanation:

4x2=8

5x2=10

6x2=12

This answer is the closest to 12 but it doesn't go over 12, so this is less than or equal to 12

8 0
3 years ago
Madeline received $300 for her birthday. She deposits it into a savings account with an interest rate of 2.45%. She makes monthl
oee [108]

Answer:

  b.  $1,587.57

Step-by-step explanation:

A financial calculator will tell you the value of Madeline's account after  8 years will be $16,287.57. In that time, she will have deposited ...

  $300 +96×150 = $14,700

The interest earned is the difference between her account balance and the amount she deposited:

  $16,287.57 -14,700 = $1,587.57 . . . interest earned

_____

<em>Account value calculation</em>

The future value of the initial $300 deposit after 8 years is ...

  A = P(1 +r/n)^(nt)

for principal P earning annual rate r compounded n times per year for t years.

  A = $300(1 +0.0245/12)^(12·8) ≈ $364.89

The future value of the sum of $150 deposits monthly (at the beginning of the month) will be ...

  A = $150((1+r/n)^(nt) -1)(1 +n/r) = $15,922.68

So, the total value of Madeline's account in 8 years is ...

  $364.89 +15,922.68 = $16,287.57

_____

<em>Comment on account value</em>

In problems of this nature, it is always necessary to determine when the deposits are made relative to when the account value is measured. Here, we assume the $300 deposit is immediate, and its value is measured 8 years hence.

The monthly deposits are not described in that detail. In order to get any of the numbers in the answer list, we need to assume the deposits are at the beginning of the month. If we assume they are at the end of the month, the amount of interest is reduced by about $33.18, the last month's interest.

7 0
3 years ago
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