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
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.

You might be interested in
What are the similarities and differences between marketing research and marketing intelligence systems?
pshichka [43]

Explanation:

similarities between marketing research and marketing intelligence systems

  • Marketing research and Marketing intelligence systems they both provide information about markets that help the small companies to study and analyze their sales and markets

differences between marketing research and marketing intelligence systems

  • Marketing intelligence is available information or data that small business partners used to study the businesses, political and competition.

Marketing intelligence system data gathered repeatedly over time.

  • Market Research is not existing data or information. Companies do a survey to collect marketing research data.

Marketing research data gathered at one particular point.

4 0
3 years ago
Which type of promotion includes the given tactic that supermarkets or stores generally use?
Burka [1]

Answer:

As a part of  <u>sales promotion</u>,  supermarkets generally use<u> visual merchandising</u> to attract customers and induce them to make a purchase.

Explanation:

Sales promotion is one form of marketing communications by a business. The objective of sales promotion is to increase sales by offering incentives to consumers or retailers. Sales promotions are carried out in a limited time to stimulate consumer consumption. Their effect may be temporal. Examples of sales promotion include offering free samples, premium offers, discount coupons, contests, and loyalty programs.

Visual merchandisers use their creativity to promote products and services of their organization in retail businesses. They develop eye-catching product displays and design layouts to attract customers and entice them to buy.

6 0
3 years ago
On December 30, 2005, Bart, Inc. purchased a machine from Fell Corp. in exchange for a non-interest bearing note requiring eight
Darya [45]

Answer: c. $94,240

Explanation:

On December 31, 2005, one payment has already been made which would mean that only 7 payments are left. As the first of these remaining 7 will be paid the year after, this is an ordinary annuity.

Note payable value = Present value of seven $20,000 payments

= 20,000 * Present value of ordinary annuity of 1 at 11% for 7 years.

= 20,000 * 4.712

= $94,240

5 0
3 years ago
What private and federal help can you receive as a consumer?
larisa86 [58]
Right to safety
Right to be informed
Right yo choose
Right to be heard
Right to redress
7 0
3 years ago
Read 2 more answers
Brad purchased a company that is not profitable. What are two courses of action he could take to boost profits in the company?
docker41 [41]

Answer: Examing demand for the products.

Gauge customer satisfaction.

Explanation: we dont have to sell products we like or want to sell, but products people demand. First we have to do is knowing consumers and what do they want. And keep our customers highly satisfied.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Exercise F The luggage department of Sampson Company has revenues of $1,000,000; variable expenses of $250,000; direct fixed cos
    11·1 answer
  • Shadee Corp. expects to sell 550 sun visors in May and 380 in June. Each visor sells for $12. Shadee’s beginning and ending fini
    6·1 answer
  • As she runs a race, aggie's heart starts beating faster to help her body keep up with its increasing need for oxygen. aggie can
    10·1 answer
  • Big Red Machines, a startup, has come up with a new product and has seen significant customer demand. Due to reinvestment in the
    10·1 answer
  • An article in the Wall Street Journal noted that the demand for video Internet advertising was increasing at the same time that
    5·1 answer
  • What has happened to China’s GPD since it began to reform its economy?
    10·1 answer
  • AARP is a powerful political interest group that also maintains a lucrative business providing health and life insurance to its
    14·1 answer
  • On February 15, 2011, Spring Hope Corporation repurchases 1,200 shares of its outstanding common stock for $7 per share. On Marc
    14·1 answer
  • What is the most advanced type of traditional postsecondary degree?
    13·1 answer
  • One positive impact that industrialization has had is that.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!