1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solniwko [45]
3 years ago
5

Suppose you bought a house for $3,250,000 to make it a nursing home in the future. But you have not committed to the project and

will decide in nine years whether to go forward with it or sell off the house. If real estate values increase annually at 1.5%, how much can you expect to sell the house for in nine years if you choose not to proceed with the nursing home project?
Business
1 answer:
Anna71 [15]3 years ago
5 0

Answer:

$3,716,050

Explanation:

FV = PV × (1 + i)∧n

Present Value (PV) 3250000  

Interest Rate (i) 0.015  

Number of years (n) 9

   (1 + 0.015) ∧ 9

        3,250,000 x 1.1434

       =$3,716,050

You might be interested in
Typically, B2B buyers ask potential suppliers to (A) write the RFP for the buyer.(B) submit formal proposals.(C) sponsor intervi
Anon25 [30]

Answer:

B is the correct answer.

Explanation:

Business proposals are formal written statements made on a customer's inquiry. It can also be called as a report in which a seller describes how the business can best fulfill the needs of a customer and includes a detailed manner what the company has to offer, what the company can provide and how it can match to the buyers request and why your product is the best choice for the buyer.

It is written as a response to Request for Proposal (RFP). Request for proposal is written to request goods and services. The various sections of a business proposal are cover letter, title page, table of contents, Executive summary, procedures.

4 0
3 years ago
The price of food is rising fast! how might this situation be handled in a…
Pani-rosa [81]
A free market economy is when the prices of supply and demand are free from the government. Meaning they can charge whatever they want and the government has to say. So answering your question they can just charge less if they felt like it since they have free reins of the prices.

A command economy is the opposite whereas supply and demand prices are determined by the government and the government only. The government would probably not change the prices because the government sucks.

(A mixed economy is the best way to achieve that)

4 0
3 years ago
Which is an advantage of doing an apprenticeship program
Ket [755]

Answer:

Answer to the following question is as follows;

Explanation:

An apprenticeship programme is a type of training programme in which students gain work experience while still taking courses. Apprenticeships are usually compensated. The advantage of taking an apprenticeship programme, according to the same, is that you generate income while learning specialised job skills.

7 0
3 years ago
What are the verbs in this sentence their fur helps them defend themselves
LenKa [72]
Helps and defends.......................
5 0
3 years ago
Read 2 more answers
Which research method involves manipulating a variable in order to determine how it affects another variable (in a cause and eff
Ipatiy [6.2K]
<span>The research method that involves manipulating a variable in order to determine how it affects another variable (in a cause and effect relationships) is the experimental method. In this method, the experimenter would undergo several processes and along the way, he would manipulate the variables in order to see how it affects the other variable thus uncovering the cause and effect relationships of these variables.</span>
5 0
3 years ago
Other questions:
  • Prepare journal entries to record the following four separate issuances of stock.
    11·1 answer
  • TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing initial training, equipment,
    13·1 answer
  • The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of it
    11·1 answer
  • Asset retirement obligations:
    7·1 answer
  • Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity co
    9·1 answer
  • Government can reallocate resources away from private goods toward public goods, usually through Multiple Choice import tariffs
    12·1 answer
  • What focuses on how individual users logically access information to meet their own particular business needs?
    7·1 answer
  • Review the WBS and Gantt chart you created for Tasks 3 and 4 in Module 5. Propose three to five additional activities that would
    11·1 answer
  • The unique way that employees interact with each other and their customers. Also, the personality of the company
    15·1 answer
  • Refer to the data below to answer the following questions:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!