When interest rates increase, the demand for commercial and residential real estate will <u>decrease</u> and the price of real estate will <u>decrease</u>.
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Answer:
More info needed. (See Explanation):
Explanation: Needed more info to be solveable.
<span>Typically homes increase in value over time and cars decrease in value depreciate over time
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Answer:
C) $14,693
Explanation:
Compound interest considers the return on investment (or interest) to be reinvested and provides return as well. Future value of principal value considering compound interest can be determined by below formula:
where
is the future value
is the principal amount invested
is the rate of interest
is the number of times interest is compounded within one time period
is the number of time periods
