1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
borishaifa [10]
3 years ago
5

Ben Collins plans to buy a house for $188,000. If the real estate in his area is expected to increase in value by 3 percent each

year, what will its approximate value be seven years from now?
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

The value after seven years from now is $231,216.29

Explanation:

The computation of the expected value would be seven years from now is shown below:

Here we use the future value formula i.e. shown below:

Future value = Present value × (1 + interest rate)^number of years

= $188,000 × (1 + 0.03)^7

= $188,000 × (1.03)^7

= $231,216.29

Hence, the value after seven years from now is $231,216.29

You might be interested in
It is important for a good economic model to predict cause and effect so that it can: explain events that have occurred and help
liraira [26]

Answer:

Yes it is

Explanation:

Because Prediction of cause and effect is important for the good economic model. If the economic model observe the cause and effect relationship, then it can be helpful to anticipate from the similar situation in future. For example, recession is causes recession. If the economic model observe it, then it can be helpful to control recession if t occurs in future.

5 0
3 years ago
Read 2 more answers
Pollution caused by candles isn't taken into account.Quality improvements as a source of well-being are ignored.GDP doesn't capt
hammer [34]

Answer:

D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP

Explanation:

Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.

From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.

3 0
3 years ago
What is a public enterprise?<br><br>answer the question ✌​
Sergeeva-Olga [200]
A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public
7 0
2 years ago
Which of the following is a potential safety hazard?
maxonik [38]

Umm... I can't find the choices... So, those are the choices I made up that are correct to your question.


  • Spills covering grounds or falling hazards, such as blocked paths or cords going over the ground.
  • Working from heights, including ladders, scaffolds, roofs, or an elevated workspace.
  • Unguarded device and moving machine pieces; guards dismissed or moving pieces that a worker can unintentionally touch.
6 0
3 years ago
Read 2 more answers
A borrower expresses a reluctance to continue signing documents. The Notary Signing Agent may:
snow_tiger [21]

Answer:

Recommend the borrower contact the lender representative before signing anymore documents

Explanation:

Notary agents are usually independent professionals within the sector or third parties , who are contracted to create sure all loan documents are signed and notarized properly and delivered . A Notary agent isn't authorized to answer questions on the most points contained within the loan, however a notary agent can give opinions to a signer whether the terms of a loan are a good or not. But if the opinions are on interest rates or other questions concerning the loan, rather it would be best to refer the signer or borrower to contact the lender’s representative

3 0
3 years ago
Other questions:
  • Roll over each item on the left to read the description. Identify whether each of the statements is an argument for or an argume
    15·1 answer
  • All of the following are characteristics of SMART goals except
    7·1 answer
  • The flow of money from the markets for goods and services to the firms is called
    8·1 answer
  • When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
    13·1 answer
  • Deep South Sounds would like to spend $189,000 for new sound equipment. However, the company has a major loan maturing 3 years f
    10·1 answer
  • Which one of the following is an example of a nondiversifiable risk?
    9·1 answer
  • A BUYER IS PURCHASING A HOME AND HAS ORDERED A HOME INSPECTION AND A A TERMITE INSPECTION. WHAT SHOULD THE BUYER ORDER TO PROTEC
    8·1 answer
  • Marta has a tight marketing budget and needs to use a strategy that can drive customers to her website for a set cost. Which bid
    8·2 answers
  • Jude wants to receive $1,100 at the beginning of each of the next eight years. If his opportunity cost rate is 9 percent compoun
    13·1 answer
  • Your coworker Ethan is trying to find information on the Internet to include in his business report. In four to five sentences,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!