Question

A car was valued at $34,000 in the year 1995. The value depreciated to $12,000 by the year 2000. A) What was the annual rate
0 0
Add a comment Improve this question Transcribed image text
Answer #1

If you have any doubts or require any clarifications do let me know. THank you :)

Add a comment
Know the answer?
Add Answer to:
A car was valued at $34,000 in the year 1995. The value depreciated to $12,000 by...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A house was valued at $120,000 in the year 1993. The value appreciated to $165,.000 by the year 2006. Use the compu...

    A house was valued at $120,000 in the year 1993. The value appreciated to $165,.000 by the year 2006. Use the compund interest formula S-P+ r) to answer the following questions A) What was the annual growth rate between 1993 and 2006 Round the growth rate to 4 decimal places B) What is the correct answer to part A written in percentage form? C) Assume that the house value continues to grow by the same percentage. What will the value...

  • Jue in 4 hours. 17 minutes. Due Sun 12/01/2019 11:59 pm A house was valued at...

    Jue in 4 hours. 17 minutes. Due Sun 12/01/2019 11:59 pm A house was valued at $95,000 in the year 1989. The value appreciated to $160,000 by the year 2004. Use the compund interest formula S = P(1 + r) to answer the following questions, A) What was the annual growth rate between 1989 and 2004? Round the growth rate to 4 decimal places. B) What is the correct answer to part A written in percentage form? C) Assume that...

  • Simplity. Enter the result as a single logarithm with a coefficient of 1. To enter the...

    Simplity. Enter the result as a single logarithm with a coefficient of 1. To enter the log, click in the answer cell, then click on the small yellow arrow on the right. Then click the functions tab to access the log, if needed, you can change the base. Using the keyboard, you can also enter log, (52") as log 3/5x+4). lok. (*") + hoe (32) Question Help: Video Post to forum Question 41 B0/1pt2 Simplify. Enter the result as a...

  • You purchased a car using some cash and borrowing ​$12,000 ​(the present​ value) for 53 months...

    You purchased a car using some cash and borrowing ​$12,000 ​(the present​ value) for 53 months at 11​% per year. Calculate the monthly payment​ (annuity). Then assume you have made ten payments. What is the balance​ (present value) of your​ loan? The monthly payment at the specified loan rate over the given period is $______. (Round to the nearest​ cent.)

  • Variable cost: 20 Fixed cost: 350,000 Unit Price:40 Expected sales: 34,000 units per year However, you...

    Variable cost: 20 Fixed cost: 350,000 Unit Price:40 Expected sales: 34,000 units per year However, you recognize that some of these estimates are subject to error. Suppose that each variable may turn out to be either 10% higher or 10% lower than the initial estimate. The project will last for 10 years and requires an initial investment of $1.2 million, which will be depreciated straight-line over the project life to a final value of zero. The firm’s tax rate is...

  • Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9- year...

    Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9- year tax life. The asset is to be used in a 6-year project, at the end of the project, the asset can be sold for $183,000. What is the book value of the equipment at the end of the 6 years? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book value If the relevant tax rate is...

  • Jordan and Taylor want to purchase a new 60-quart floor mixer for $12,000. This machine would...

    Jordan and Taylor want to purchase a new 60-quart floor mixer for $12,000. This machine would have a 5-year life with a salvage value of $2,000. The new machine would decrease operating costs by $1,000 each year of its economic life. The straight-line depreciation method would be used for the new machine. The cost of capital is 6%. Before they spend the money, they have asked you to calculate outcomes with capital investment models. 1. What is the payback period?...

  • Attempts Average: 1 3. Present value of annuities You got into a car accident and settled...

    Attempts Average: 1 3. Present value of annuities You got into a car accident and settled out of court for equal payments of $1,500 at the end of each year for the next eight years. If the annual interest rate stays constant at 5%, what is the value of these payments in today's dollars? (Note: Round your answer to the nearest whole dollar.) O $8,241 O $10,180 $12,119 O $9,695 Vou found out that now you are going to receive...

  • Consider the following cash flows:    Year Cash Flow 0 –$ 34,000 1 15,100 2 16,600...

    Consider the following cash flows:    Year Cash Flow 0 –$ 34,000 1 15,100 2 16,600 3 12,500 What is the NPV at a discount rate of zero percent? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)    Net present value            $    What is the NPV at a discount rate of 8 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)    Net present...

  • Consider an asset that costs $655,000 and is depreciated straight-line to zero over its 8- year...

    Consider an asset that costs $655,000 and is depreciated straight-line to zero over its 8- year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $129,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Aftertax salvage value

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT