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Mandarinka [93]
3 years ago
12

According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the

average price was $215,100. What was the annual increase in the price of the average house sold?
Business
1 answer:
Alex777 [14]3 years ago
6 0

Answer:

3.18% price growth rate

Average increase in rent is $8737.5 per year

Explanation:

Average Price in Oct 2000 = $215,100

Average Price in Oct 2016 = $354,900

No of years past = Oct 2016 - Oct 2000 = 16 years

Using following formula to calculate Average increase in price:

PV = FV / (1+r)^n

Value in 2000 = Value in 2016 x (1 + rate of increase )^number of year

215,100 = 354,900 x {( 1 + r )^16}

{( 1 + r )^16} = 354,900 / 215,100

\sqrt[16]{( 1 + r )^16} = \sqrt[16]{1.65}

1 + r = 1.0318

r = 1.0318 - 1

r = 0.0318

r = 3.18%

Average

Total Difference = 354,900 - 215,100 = $139,800

Average Increase = $139,800 / 16 = $8737.5 per year

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This signing by the president was what put  halt to what was regarded as bimetallism. This was the system that also allowed the use of silver also for the sake of monetary purposes.

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You find a zero coupon bond with a par value of $10,000 and 14 years to maturity. The yield to maturity on this bond is 5.1 perc
Lelechka [254]

Answer:

Bond Price = $4940.8468 rounded off to $4940.85

Explanation:

The price of a zero coupon bond is simply calculated by calculating the present value of the face value of the bond that the bond pays at maturity. The formula for the price of a zero coupon bond is,

Bond Price = Face Value / ( 1 + r )^n

Where,

  • r is the rate or YTM
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Assuming that the r or YTM is always stated in annual terms, the semi annual YTM will be 5.1% / 2 = 2.55%

Assuming semi annual compounding periods, the total number of periods or n will be,

n = 14 * 2 = 28

Bond Price = 10000 / (1 + 0.0255)^28

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What is the difference between specialization and cross-training?
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George owns a dude ranch in Texas. He pays $32,000 per year in insurance, $408,000 in wages, and $23,000 in supplies. He forgoes
tangare [24]

Answer:

Profit, $35,000

Explanation:

Economic profit or loss is defined as the difference among the revenue received from the output sale and the input costs and any kind of opportunity costs.

While computing the economic profit, the explicit as well as opportunity cost will be deducted or subtracted from the earned revenues.

So, in this case, Economic Profit or loss is computed as:

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