Gathering information with your eyes is called
2 answers:
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Answer : The new tax payment when he saves 8 % tax this year is, $3680
Explanation :
As we are given that,
Original property tax paid by a man = $4000
Percent rate of saving tax = 8 %
First we have to calculate the amount of tax he saved.
Amount of tax he saved =
Amount of tax he saved =
Amount of tax he saved = $320
Now we have to calculate his new tax payment when he saves 8 % tax this year.
New tax payment = Original property tax - Amount of tax he saved
New tax payment = $4000 - $320
New tax payment = $3680
Thus, the new tax payment when he saves 8 % tax this year is, $3680
Answer:
b. $299,574
Explanation:
For calculating the ask price, we first need to compute the present value which is attached in the spreadsheet.
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $0
Rate of interest = 7.5%
NPER = 25 years - 1 years = 24 years
PMT = $25,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $278,673.65
Now the ask price is
= $274,574.17 + $25,000
= $299,574.17
