A capitalized value of land is the value of the land calculated on Total return per year divided by the interest rate.
The capitalized value of land = Return on land per year ÷ Interest rate
Where Return on land per year = $750
Interest Rate = 7%
The capitalized value of land = $ 750 ÷ 0.07
= $ 10,714.29
Therefore, the capitalized value of land if the interest rate is 7% is $ 10,714.29.
Answer:
You need life insurance so in case of a event such as death your family will not carry the burden of your debts and payments because they would automatically be paid off with a Life Insurance Policy
Answer:
a in the long run, prices adjust, eliminating the relationship between inflation and unemployment
Explanation:
Philip's curve states that there is an inverse relationship between inflation and unemployment in the short run. However, in the long run, workers and consumers adapt to the new environment.
