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Tcecarenko [31]
3 years ago
7

Assume that a piece of land is currently valued at $50,000. If this piece of land is expected to appreciate at an annual rate of

5% per year for the next twenty years, how much will the land be worth twenty years from now?
Business
1 answer:
Luda [366]3 years ago
5 0

Answer:

The correct answer is $132,664.89.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $50,000

Rate of interest (r) = 5%

Time period (n) = 20 Years

So, we can calculate future value by using following formula:

Future value = PV × (1 + r)^(n)

= $50000 × ( 1 + 5% )^20

= $50000 × (1 + 0.05)^20

= $132,664.89

Hence, After 20 years land will be worth $132,664.89.

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Fiona is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstor
Viefleur [7K]

Answer:

These are the options for the question:

a. specialty-line wholesalers.

b. assemblers.

c. full-service stockers.

d. in-store maintainers.

e. rack jobbers.

And this is the correct answer:

c. full-service stockers.

Explanation:

Fiona is a full-service stocker, or retail stocker. A retail stocker is a person who is responsible for organizing (stocking) products in the shelves of a retail space (a large store, a supermarket, a convenience store).

Retail stocker also help customers by giving directions within the store, or by helping elderly, disabled, and other people reach products that they might not be able to reach by themselves.

7 0
3 years ago
Problems with capacity and consent:
Natalija [7]

Answer:

The correct answers are: 1. voidable, 2. capacity, 3. consent

Explanation:

For a contract to be legally valid, the concurrence of three essential requirements or elements is required, which are: the consent of the contracting parties, the true object that is the subject of the contract and the cause of the obligation to be established.

The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.

The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.

Example: The provision of prostitution or drug trafficking services cannot be the subject of the employment contract.

8 0
3 years ago
Suppose Country A and Country B each have the same real Gross Domestic Product (GDP), equal to $440 billion. Country A has 100 m
Gennadij [26K]

Answer:

1. higher in Country A

Explanation:

Given: Gross domestic product (GDP)= $440 billion.

           Country A has 100 million people.

           Country B has 175 million people.

Real Gross Domestic Product (GDP): It is defined as the entire output produced annually that includes factors such as inflation and is adjusted for price changes.

Per capita real Gross Domestic Product (GDP): It gives the annual salary for the country and shows the quality of living.

Now calculating per capita real Gross Domestic Product (GDP) for both the countries.

Formula; Per capita GDP= \frac{GDP}{Population}

<u>Country A</u>

⇒ Per capita GDP= \frac{440\ billion}{100\ million}

We know one billion= 1000 million.

⇒ Per capita GDP= \frac{440\times 1000}{100}

∴ Per capita GDP= \$4400\ million

<u>Country B</u>

⇒ Per capita GDP= \frac{440\times 1000}{175}

∴ Per capita GDP= \$ 2514.28 \ million

Hence, comparing both Per capita GDP of country A and B will get Country A have higher per capita GDP.

8 0
3 years ago
Gerd+is+considering+an+account+that+earns+6%+interest+per+annum+compounded+monthly.+what+is+the+annual+percentage+yield+(apy)?
ludmilkaskok [199]

The annual percentage yield (APY) that Gerd will get is:

6.2%

The exact rate of return that an investor receives from an investment after compounding the values on a monthly basis is known as the annual percentage yield.

The nominal interest rate, the number of times the value is compounded annually, and the base of the logarithm are all taken into account by the formula used to calculate the annual percentage return.

After compounding Gerd's interest on a monthly basis, with this formula:

APY= (1 + r/n )n – 1,

The Annual percentage yield gotten is 6.2.

Learn more about annual percentage yield here:

brainly.com/question/11855598

#SPJ4

8 0
1 year ago
Read 2 more answers
Magenta Company purchased a machine from Pink Corporation on October 31, 2016. In payment for the $288,000 purchase, Magenta iss
Aleksandr [31]

Answer:

Option (c) is correct.

Explanation:

Interest expense on Nov 30, 2016:

= (Purchase amount × Rate of interest) ÷ No. of months in a year

= ($288,000 × 12%) ÷ 12

= $2,880

Principal repayment on Nov 30, 2016:

= Monthly payment - Interest expense on Nov 30, 2016

= $25,588 - $2,880

= $22,708

Interest expense on Dec 31,2016:

= (Purchase amount - Principal repayment) × Rate of interest] ÷ No. of months in a year

= ($288,000 - $22,708) × 12%] ÷ 12

= $2,653

Therefore,

Interest expense for the year ended December 31, 2016:

= Interest expense on Nov 30, 2016 + Interest expense on Dec 31,2016

= $2,880 + $2,653

= $5,533

7 0
3 years ago
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