All categories

3 years ago

One reason to buy a home instead of rent a home is:

Business

2 answers:

kobusy [5.1K]3 years ago

6 0

I think the answer is A. Homes have the potential to appreciate in value over time.

Reptile [31]3 years ago

3 0

The option A is correct.

One reason to buy a home instead of rent a home is that the homes have the potential to appreciate over time.

Further Explanation:

Buy a home:

Buy a home means to purchase a home by investing a huge amount of money. It also refers to owning. Owning means to get possession of something. For example, acquire the property, purchase a home, purchased machinery, and purchased equipment. Owning can lead to lower costs in the long term.

Rent a home:

Rent a home means the tenant pays a fixed amount of money to the owner of the home. The rent has to be paid every month. The amount of rent can be varied according to the type of house, availability of home to the nearby park, hospital and any other basic amenities, the home would be park facing and sun-facing, and many other factors should be considered for computing the amount of rent.

Justification for the correct and incorrect answer:

Homes have the potential to appreciate over time: This option is correct.

The renting home does not have any benefit regarding the increase in the price of a home; it will give the benefit to the owner of the home. So this option is correct to buy a home instead of rent is better off because it has the potential to increase the value of the home.

Homes have fewer maintenance costs: This option is incorrect.

Homes need more maintenance costs, but in case of rent a home, there is no need for maintenance costs. The maintenance cost is paid by the owner of the home.

Buying a home requires less money upfront: This option is incorrect.

To purchase a home, it requires a lot of money at the upfront time. This statement is incorrect.

Buying a home is a more flexible housing option:This option is incorrect.

Renting a home is a more flexible housing option than buying a home. Now the individual cannot move from place to place as it requires more money. This statement is incorrect.

Learn more:

1. Learn more about renting

brainly.com/question/2288011

2. Learn more about owning

brainly.com/question/2731676

3. Learn more about owning vs. renting

brainly.com/question/2665554

Answer details:

Grade: Middle School

Subject: Accounting

Chapter: Owning vs. Renting

Keywords: the reason to buy, a home, instead of, rent, a home is, have the potential, appreciate, value over time, fewer, maintenance costs, less money, upfront, more flexible, housing option.

You might be interested in

The Sports Club plans to pay an annual dividend of $1.20 per share next year, $1.12 per share a year for the following two years

Delicious77 [7]

Answer:

$9.63

Explanation:

Data provided in the question:

Year Annual dividend paid

1 $1.20

2 $1.12

3 $1.12

4 $14.20

Now,

Year Annual dividend paid Present value factor Present value

1 $1.20 0.84246 1.011

2 $1.12 0.84246 0.7949

3 $1.12 0.59793 0.6696

4 $14.20 0.50373 7.1529

===============================================================

Worth of stock = 1.011 + 0.7949 + 0.6696 + 7.1529

= $9.6284 ≈ $9.63

Note:

Present value factor = [ 1 ÷ (1 + 0.187)ⁿ]

here,

n is the year

7 0

4 years ago

Getting a credit card math quiz question 3 of 5: you have a balance of $4,000 on your credit card with a 12% interest rate (1% p

Yuliya22 [10]

I was stuck on the same question. When I find out I’ll tell you immediately!!!

5 0

3 years ago

Read 2 more answers

In December, a company signed a contract with a regular customer to sell products for $100,000. In January, the company received

REY [17]

Answer: In January, when the products are delivered.

6 0

1 year ago

Home Place Hotels Inc. is entering into a 3-year remodeling and expansion project. The construction will have a limiting effect

solong [7]

Answer:

$291.56

Explanation:

Find the dividend amount per year;

D1 = D0(1+g ) = 3.40(1+0) = 3.40

D2 = 3.40*(1.05) =3.57

D3 = 3.57*(1.05) =3.7485

D4= 3.7485*(1.15) = 4.3108

D5 = 4.3108 *(1.10) = 4.7419

Find the Present value of each year's dividend;

PV (of D1) = 3.40/ (1.14 ) = 2.9825

PV (of D2) = 3.57/ (1.14² ) = 2.7470

PV (of D3) = 3.7485/ (1.14³ ) = 2.5301

PV (of D4) = 4.3108/ (1.14^4 ) = 2.5523

PV (of D5 onwards) $=\frac{\frac{4.7419}{0.14-0.1} }{1.14^{4} } \\ \\ =\frac{474.19}{1.6890}$

PV (of D5 onwards) = 280.7519

Next, sum up the PVs to find the maximum price of this stock;

= 2.9825 + 2.7470 + 2.5301 + 2.5523 + 280.7519

= 291.564

Therefore, an investor should pay $291.56

7 0

3 years ago

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A T-bill quote sheet h

VashaNatasha [74]

Answer:

1) B

2) A

3) D

Explanation:

1) Discount yield(%) = Face value - Purchase value/Face value X 360/Maturity ( in days) X 100%

Discount yield (quote) = 5.11; Face value = $10,000; Let Purchase value = x; Maturity = 90 days

(5.11)% = $(10,000 - x)/$10,000 X 360/90 X 100%

5.11 = 400(10,000 - x)/10,000

x = 4,000,000 - 51100/400 = 3,948,900 = $9,872.25

3) Face value = $10,000; Purchase value = $9,850; Maturity = 120 days

Investor's bond equivalent yield(%) = $(10,000 - 9,850)10,000 X 360/120 X 100%

= 45/10 = 4.5%

4 0

3 years ago