. Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is...
. Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned this land if the price of the land has been decreasing by 1.5 percent per year? 3.09 years please complete using tvm on a b ii plus calculator
Homework Answers
To find the number of years, we need to put the following values in the financial calculator:
I/Y = -1.5;
PV = -67,900
PMT = 0;
FV = 64,800;
Press CPT, then N, which gives us 3.09
So, She owned this land for 3.09 years.
Add Answer to:
. Some time ago, Tracie purchased two acres of land costing
$67,900. Today, that land is...
Some time ago, Julie purchased eleven acres of land costing $13,990. Today, that land is valued...
Some time ago, Julie purchased eleven acres of land costing $13,990. Today, that land is valued at $44,868. How long has she owned this land if the price of the land has been increasing at 6 percent per year? O 20.13 years 20.00 years O 19.51 years 19.67 years 19.72 years
1. polnte a e ago Jule purohased olaven acres of land costing 30,000 Today, that land...
1. polnte a e ago Jule purohased olaven acres of land costing 30,000 Today, that land is Valued at $214,800 How lng hai ahe owned thie land it the prioe of the land has bean Increasing at 8 percent penyear? 2.33 yeare 20.00 yoar n 30.23 yeare 31.20 years 32.08 yoare OLDA How
2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How...
2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How long has Bob owned this land If the price of land has been Increasing at 4 percent per year? 11.50 years 11.06 years 29.11 years O 26.93 years 27.99 years
Mr. Jones purchased 20 acres of undeveloped land on the outskirts of Denver 12 years ago...
Mr. Jones purchased 20 acres of undeveloped land on the outskirts of Denver 12 years ago for $1,500,000. He has held the land for investment ever since. Mr. Jones is now considering two options for selling the land, as follows: First, Mr. Jones is considering subdividing the land into 0.25 acre residential lots and improving the land by adding sidewalks, streets, and utilities. Mr. Jones estimates that these improvements will cost $1,900,000. After improving the land, Mr. Jones plans to...
B. $3,680.90 C. $6,884.70 D. $3,690.38 E. $7,021.38 M 3. What is the present value of...
B. $3,680.90 C. $6,884.70 D. $3,690.38 E. $7,021.38 M 3. What is the present value of $13,100 to be received 3 years from today if the discount rate is 5 percent? A. $10,767.25 B. $11,231.14 C.$7,860.00 D. S11,316.27 E.$11,882.09 M 4. Three years ago, you invested $2,900.00. Today, it is worth $3,700.00. What rate of interest did you earn? A. 4.23 percent B. 8.46 percent C. 4.63 percent D. 0.71 percent E. 3.63 percent M5. Bob bought some land costing...
The Galley purchased some 3-year MACRS property two years ago at a cost of $19,800. The...
The Galley purchased some 3-year MACRS property two years ago at a cost of $19,800. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent. The firm no longer uses this property so is selling it today (assume it is fully depreciated) at a price of $13,500. What is the amount of the aftertax profit on the sale? Assume the firm applies bonus depreciation and has a tax rate of 21 percent. Select one: a. $10,665.00 b....
poline Gorna memo, Jul purchased covers and sing . Today, How long as the owned and the proof the land has been re...
poline Gorna memo, Jul purchased covers and sing . Today, How long as the owned and the proof the land has been re 4100 p ort p our 2000 years 0.28 ya 31.20 y 32.08 years L Multiple Choloo 05-04 How an investment to O long t o ruch der Section 3 points You are scheduled to r e p ayment of 10 forgathathened 7 year. The 10 percent, What is the difference in the present value If you are...
Marigold Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,456 per acre. At the time of purchase, the land without the timber was valued at $416 per acre. In 2010, Marigold built fire lanes and roads, with a life of 30 years, at a c
Marigold Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,456 per acre. At the time of purchase, the land without the timber was valued at $416 per acre. In 2010, Marigold built fire lanes and roads, with a life of 30 years, at a cost of $87,360. Every year, Marigold sprays to prevent disease at a cost of $3,120 per year and spends $7,280 to maintain the fire lanes and roads. During 2011, Marigold selectively logged and sold 728,000 board feet of timber, of the estimated 3,640,000 board feet. In 2012, Marigold planted new seedlings to...
Jake’s Pet Land case study Compare and contrast the LMX relationship Adam Gerrit had with Phillip...
Jake’s Pet Land case study Compare and contrast the LMX relationship Adam Gerrit had with Phillip Jordan versus the one he had with Jan Whitall. How might the LMX relationships the team members had with each leader impact the way the team functioned and performed? Case Study Adam Gerrit glanced up from the cash register as his first customers of the day walked into Jake’s Pet Land, a neighborhood pet store that is part of a small, regional chain. A...
Case 5 Twin Falls Community Hospital (Capital Investment Analysis) Twin Falls Community Hospital is a 250-bed,...
Case 5 Twin Falls Community Hospital (Capital Investment Analysis) Twin Falls Community Hospital is a 250-bed, not-for-profit hospital located in the city of Twin Falls, the largest city in Idaho’s Magic Valley region and the seventh largest in the state. The hospital was founded in 1972 and today is acknowledged to be one of the leading healthcare providers in the area. Twin Falls’ management is currently evaluating a proposed ambulatory (outpatient) surgery center. Over 80 percent of all outpatient surgery...
Some time ago, Julie purchased eleven acres of land costing $13,990. Today, that land is valued at $44,868. How long has she owned this land if the price of the land has been increasing at 6 percent per year? O 20.13 years 20.00 years O 19.51 years 19.67 years 19.72 years
1. polnte a e ago Jule purohased olaven acres of land costing 30,000 Today, that land is Valued at $214,800 How lng hai ahe owned thie land it the prioe of the land has bean Increasing at 8 percent penyear? 2.33 yeare 20.00 yoar n 30.23 yeare 31.20 years 32.08 yoare OLDA How
2. Bob bought some land costing $16,040. Today, that same land is valued at $46,117. How long has Bob owned this land If the price of land has been Increasing at 4 percent per year? 11.50 years 11.06 years 29.11 years O 26.93 years 27.99 years
B. $3,680.90 C. $6,884.70 D. $3,690.38 E. $7,021.38 M 3. What is the present value of $13,100 to be received 3 years from today if the discount rate is 5 percent? A. $10,767.25 B. $11,231.14 C.$7,860.00 D. S11,316.27 E.$11,882.09 M 4. Three years ago, you invested $2,900.00. Today, it is worth $3,700.00. What rate of interest did you earn? A. 4.23 percent B. 8.46 percent C. 4.63 percent D. 0.71 percent E. 3.63 percent M5. Bob bought some land costing...
poline Gorna memo, Jul purchased covers and sing . Today, How long as the owned and the proof the land has been re 4100 p ort p our 2000 years 0.28 ya 31.20 y 32.08 years L Multiple Choloo 05-04 How an investment to O long t o ruch der Section 3 points You are scheduled to r e p ayment of 10 forgathathened 7 year. The 10 percent, What is the difference in the present value If you are...
Most questions answered within 3 hours.
-
Hows does water affect the digestion of fats ?
asked 2 hours ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 2 hours ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 2 hours ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 2 hours ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 2 hours ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 2 hours ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 3 hours ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 2 hours ago -
Suppose your program already has a list called nums, which
contains several numbers. Write a for...
asked 2 hours ago -
A spherical shell with a finite thickness just barely floats in
water. If the shell is...
asked 2 hours ago -
Explain in detail whether the following is true or false:
Total factor productivity will rise only...
asked 3 hours ago -
A firm pays a $2.50 dividend at the end of year one
(D1), has a stock...
asked 3 hours ago