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nadya68 [22]
3 years ago
12

Calculating the future value of property: Ben Collins plans to buy a house for $220,000. If that real estate is expected to incr

ease in value by 3 percent each year, what will its approximate value be seven years from now?
Mathematics
2 answers:
irina1246 [14]3 years ago
8 0
FUTURE VALUE = PRESENT VALUE * (1 + r)^t

PV = 220,000
r = 3%
t = 7 years

FV = 220,000 * (1 + 3%)^7
FV = 220,000 * (1.03)^7
FV = 220,000 * 1.22987386542487
FV = 270,572.25
Whitepunk [10]3 years ago
5 0

Answer: $270572.25

Step-by-step explanation:

The formula to calculate the Future value is given by :-

FV=PV(1+r)^t, where PV is the presents value , r is the rate of growth ( in decimal) and t is the time period ( in years).

Given :- Present value of house : PV=$220,000

Rate of growth : r= 3%=0.03

Now, the value after t=7 years from now will be :-

FV=(220000)(1+0.03)^{7}\\\\\Rightarrow\ FV=(220000)(1.03)^7\\\\\Rightarrow\ FV=220000\times1.22987386542\\\\\Rightarrow\ FV=270572.250392\approx270572.25

Hence, the its approximate value will be =$270572.25

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P/5 = 10 what is p
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Answer:

50

Step-by-step explanation:

p/5=10

Your main goal is to isolate p

p/5 = 10, in order to eliminate the 5, multiply 5 on both sides, since it's the inverse of division.

(5)p/5 = 10(5)

p=50

7 0
3 years ago
A plot of land is represented on a map whose scale is 1:10000.On the map perimeter of the plot is 24.8cm.Calculate,in km ,the ac
sveta [45]

Answer:

24.8 km

Step-by-step explanation

To do this we would just multiply 24.8 by 10,000 which is 248000 and if we divide that by 10000 (to get km) we would get 24.8km

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3 years ago
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irinina [24]

Answer:

12.35

Step-by-step explanation:

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4 0
3 years ago
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A container of club soda has a volume of 3200 cubic meter. How many liters of soda does the container hold
svetoff [14.1K]

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7 0
3 years ago
GIVING BRAINLIEST! A rectangular garden has a width of 10 feet and a length of 14 feet. A cement walkway is added around the out
Serjik [45]

Given:

Width of a garden = 10 feet

Length of the garden = 14 feet

Area of the garden and the walkway together = 396 square feet.

To find:

The width of the walkway.

Solution:

A cement walkway is added around the outside of the garden.

Let x be the width of the walkway.

The width of the garden with walkway = 10+2x

The length of the garden with walkway = 14+2x

Area of a rectangle is

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Divide both sides by 4.

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Splitting the middle term, we get

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3 years ago
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