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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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Answer:

Explanation:

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Simple interest formula is

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8 0
2 years ago
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Option C

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2 years ago
Sara is the team leader for the remote coding project team at her hospital. She has brought together coders, IT technicians, and
harkovskaia [24]

Answer:

Forming.

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6 0
3 years ago
On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
musickatia [10]

Answer:

Explanation:

The adjusting entry is shown below:

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            To Subscription revenue A/c $12,000

(Being the deferred subscription amount is adjusted)

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The four months are reported from the September 1 to December 31

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What are the costs and consequences of providing and to whom
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