Fine print contains what? A. Only stuff lawyers require B. A bunch of useless info C. Clear language designed to be easy to read
1 answer:
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project's payback period is 4.5 years.
<h3>What is net operating income?</h3>
- Before deducting any expenditures for financing or taxes, net operational income assesses the profitability of an income-producing asset.
- Subtract all property-related running costs from all income earned at the property to arrive at NOI.
- A property owner can manipulate the operational expenditures included in the NOI statistic by delaying or accelerating particular revenue or expense elements.
- Capital expenses are excluded from the NOI statistic.
- A property owner can use NOI to determine whether the cost of owning and maintaining a property outweighs the benefits of renting it out.
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Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.
We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.
Compounding means calculating amount on the principal and the amount added interest.
Rate of increasing the price of land be 6%.
Price when Bob bought the land=$16390.
Price of land today=$46817.
It is like compounding of interest and the sum is calculated as under:
S=P*
In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.
46817=16390
46817/16390=
=2.8564
=
(Approximately)
From both the sides we will get n=18.
Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.
Learn more about compounding at brainly.com/question/2449900
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