The profit to be made when she sells the house is $103,800.
The first step is to determine the value of Tammy's house in 13 years. The formula to be used is:
- FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
$184,000 x (1.035)^13 = $287,767.92
Profit = value of the house in 13 years - cost of the house
$287,767.92 - $184,000 = 103,767 = $103,800
To learn more about future value, please check: brainly.com/question/18760477
Answer:
Cohort study
Step-by-step explanation:
The study described above is closely related to a cohort study in that Cohort studies mainly observes the participants who might or might not have been exposed to a particular effect or drug, in this case the oral contraceptive and bacteriuria development. The effect of exposure is observed for a certain period time usually called the follow-up period. Conversely, experimental study will require that participants are divided into groups with one group being exposed to the treatment while the other will be the placebo.This isn't the case in the study described above, hence, it is closely related to a cohort study.
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In 1414 hours it covered 700 miles
In 1 hour it would have covered (700/1414) mile
In 33 hours it will then cover : 700/1414 * 33 = 16.34
So in 33 hours it will cover ≈ 16.34 miles.