Average Increase in price = [{(Current Price - Base price) / Base price} / No of years]
= [{(27,858 - 21,108) / 21,108} / 7 years]
= 4.56%
Hence, the correct option is (E).
Seved Help Save The average price of Yankee season tickets behind home plate was $27,858 in...
The average price of Yankee season tickets behind home plate was $28,758 in 2012. 9 years earlier, the average price was $21,308. What was the annual increase in price? Multiple Choice Ο 373% Ο 407 Ο -3.28% Ο 3.39%
The average price of Yankee season tickets behind home plate was $28,758 in 2012. 8 years earlier, the average price was $22,508. What was the annual increase in price? Multiple Choice o 280% o o o < Prev 34 of 36 !!! Next >
The average price of Yankee season ticket behind home plate was 27,858 in 2011. nine years earlier, the average price was 21308. What was the annual increase in price?
Heather’s grandparents have won two permanent tickets right behind home plate at Yankee Stadium in a recent promotion. Her grandparents intend to go to the games for the next two years and then give the permanent tickets to Heather for the third season and thereafter. If we assume that the retail sale price of the tickets will remain at $15,390 per year (realized at the end of each season) and the discount rate is 5%, what is the value of...
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According to the Census Bureau, in October 2016, the average house price in the United States was $28,558. 5 years earlier, the average price was $22,008. What was the annual increase in the price of the average house sold? Multiple Choice 5.88% 4.81% -5.08% 5.35% 6.42%
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Chapter 12 Quiz 0 Seved Help Save & Exit Submit TB MC Qu. 12-59 Lusk Corporation produces and sells ... Lusk Corporation produces and sells 15,300 units of Product X each month. The selling price of Product X is $23 per unit, and variable expenses are $17 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $74,000 of the $103.000 in monthly fixed expenses charged to Product X would not be...
Help Save & Use the following amortization chart: Selling price of home $ 77,eee Down payment $ 5,eee Principal (loan) $ 72,eee Rate of interest 5.0% Years 30 Payment per Monthly mortgage $1,000 payment $ 5.37 $ 386.64 What is the total cost of interest? (Do not round intermediate calculations. Round your answer to the nearest whole dollar) Total cost of interest
In January 2007, the average price of an asset was $27,658. 6 years earlier, the average price was $21,008. What was the annual increase in selling price? O 5.16% O -4.48% O 4.69% O 4.22% O 5.63% You're trying to save to buy a new $220,000 Ferrari. You have $33,000 today that can be invested at your bank. The bank pays 6.0 percent annual interest on its accounts. How long will it be before you have enough to buy the...