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
Felix Wants To Start Showing His Google Display Ads To A Narrower Audience With The Help Of Demographic Targeting. Which Two Typ
BigorU [14]

Answer: Age and Gender.

Explanation:

All available options listed in the question can be used in demographic targeting when doing marketing but the two most important demographics normally considered when doing marketing are age and gender, because these two factors greatly influence how consumers make purchase.

4 0
3 years ago
Whats the connect between running a business and being responsible with your own finances.
nordsb [41]
I agree with the first one cause money is very important u have to use it wisely but you also wanna take it into your own matters it something were to go wrong
5 0
2 years ago
Read 2 more answers
a systematic and independent examination of project procedures, documentation, spending, statutory compliance, and reporting is
7nadin3 [17]

Answer:

Audit

<h3>What is an audit defined as?</h3>
  • Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance with requirements.
  • An audit can apply to an entire organization or might be specific to a function, process, or production step.

To learn more about it, refer

to brainly.com/question/28168942

#SPJ4

7 0
1 year ago
$1,000 of cash was received in advance of performing services. By the end of the period, $300 had not yet been earned. (The Unea
adelina 88 [10]

Answer:

C. Unearned revenue would be debited for $700.

E. Service revenue would be credited for $700.

Explanation:

As we recieve the payment in-advance we take the obligation to perform our duties with the customer.

Therefore it is unearned revenue (liability)

at year-end there is a portion which is still unearned by the amount of 300 dollars Hence, the difference was earned: 1,000 - 300 = 700

we will decrease our liability against the customer and recognize the revenue by crediting service revenue.

8 0
3 years ago
George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an
LUCKY_DIMON [66]

Answer:

a mortgage.

Explanation:

A mortgage is a type of loan where real estate serves as collateral. Usually mortgages are used by people wanting to buy real estate since they can borrow larger amounts of money.

In order for the borrower to receive money form the bank, he/she signs a contract by which the bank has a rightful interest in the property. In case the borrower doesn't pay, the bank can foreclose the property.

6 0
3 years ago
Other questions:
  • Harvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment wh
    12·1 answer
  • Equilibrium can only occur at
    6·1 answer
  • Total consumer spending on milk will a. increase, and total consumer spending on beef will decrease. b. increase, and total cons
    8·1 answer
  • intext:"A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $1,470,
    8·1 answer
  • Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders? a
    6·1 answer
  • Ether Inc., an electronics manufacturer, offers free T-shirts with the company's logo on them free of charge to its customers. E
    15·1 answer
  • Identify the stage of the new product development based on the given scenario.
    15·2 answers
  • Why were trade unions established​
    8·2 answers
  • The study of principles that govern the efficient spatial allocation of economic resources and the resulting consequences is ref
    6·1 answer
  • When marvel launched several successful series on netflix, including jessica jones, the defenders, iron fist, and luke cage, it
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!