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Lisa [10]
3 years ago
12

Cheryl bought her home three years ago for $217,000. Assuming her home appreciated at the 3% rate typical of her current market,

how much is her home worth now
Business
1 answer:
Setler79 [48]3 years ago
5 0

Answer:

$237,121.76

Explanation:

Compounding is the computation of the future value of a present amount while the opposite of compounding which is the determination of a present value of a future amount is discounting. the relationship between present and future value is given as

Fv = Pv (1 + r)^n

where

Fv = future value

Pv = Present value

n = time

r = rate

Fv = 217000(1 + 0.03) ^3

= $237,121.76

The worth of the home purchased 3 year ago now is $237,121.76

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The Macro Islands can produce either 250 bamboo towels or 500 botanical soaps using all its resources. The Micro Islands can pro
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The Micro Islands have a comparative advantage in producing botanical soaps.

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Raven Company has a target of earning $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales
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Answer:

Target dollar sales = $353,333

Explanation:

First we need to find out how much contribution do we need to get a profit of 70,000.

Profit= Contribution - Fixed cost.

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Now in order to find the sales we will use the formula

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Input the values into the formula

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The Taylor rule specifies how policymakers should set the federal funds rate target. Suppose that U.S. real GDP rises 1% above p
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FED raise the federal funds rate target by 0.5%

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