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Alex
3 years ago
12

Maxxie purchased a tract of land for $24,500. Today, the same land is worth $43,800. How many years have passed if the price of

the land has increased at an annual rate of 6.4 percent
Business
1 answer:
sp2606 [1]3 years ago
4 0

Answer:

9.35 years

Explanation:

To find the numbers of years that have passed, you can use the following formula:

n =  ln(FV / IV)/ln(1 + r)

n= number of periods

FV= Future value= $43,800

IV= Initial value= $24,500

r= rate= 6.4%

n=ln(43,800/24,500)/ln(1+0.064)

n= ln1.79/ln1.064

n=0.58/0.062

n= 9.35

According to this, 9.35 years have passed.

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On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12
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Answer:

Find attached complete part  of the question.

The unrealized gains is $3500

Explanation:

Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.

Unrealized gains or losses is the difference between purchase price of a stock and its current market price

Stock X=($43-$40)*1500=$4500 gains

Stock Z=($21-$22)*1000=-$1000 losses

So unrealized gains overall =$4500-$1000

     unrealized gains =$3500

Note that the price of stock X  has risen to $43 from initial $40 while that of company  Z has fallen to$21 from the initial $22.

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