John Albertson purchases a plot of land for $15,000 exactly 3 years ago. If the land has appreciated 12% each year, what is its value now?1. $20,400.
2. $16,800.
3. $21,074.
4. $45,000.
5. $25,200.

Answers

Answer 1

Answer:

3. $21,074.

Explanation:

The computation of the value now is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $15000 × (1 + 0.12)^3

= $15,000 × 1.40493

= $21,073.95

= $21,074

Hence, the value now is $21,074

Therefore the correct option is 3.

We simply applied the above formula so that the correct value could come

And, the same is to be considered


Related Questions

Furniture, Inc., estimates the following number of mattress sales for the first four months of 2019:

Month Sales

January 32,000

February 36,800

March 29,600

April 43,200

Finished goods inventory at the end of December is 7,100 units. Target ending finished goods inventory is 20% of the next month's sales.

How many mattresses should be produced in the first quarter of 2019?

A.
99,940 mattresses

B.
67,680 mattresses

C.
67,620 mattresses

D.
108,580 mattresses

Answers

Answer:

The correct answer is A.

Explanation:

To calculate the production required for the first quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= (32,000 + 36,800 + 29,600) + (43,200*0.2) - 7,100

Production= 98,400 + 8,640 - 7,100

Production= 99,940

select one country and consider the export of that country what is the reason for the export

Answers

Answer:

nepal

Explanation:

reason for export: to sell the product in different places

Indicate which of the four perspectives in the balanced scorecard is most likely associated with the objectives that follow.
1. Percentage of repeat customers.
2. Number of suggestions for improvement from employees.
3. Contribution margin.
4. Brand recognition.
5. Number of cross-trained employees.
6. Amount of setup time.

Answers

Answer:

Note: The complete question is attached as picture below

Objectives                                         Most associated balanced scorecard

1. Percentage of repeat                    Customer Perspective

customers

2. Number of suggestions for          Learning and Growth perspective

improvement from employees

3. Contribution margin                      Financial perspective

4. Brand recognition                         Customer Perspective

5. Number of cross-trained              Learning and Growth perspective

employees

6. Amount of setup time                   Internal process prospective

The indication of the four perspectives in the balanced scorecard is as follows:

1. Percentage of repeat customer = Customer Perspective  

2. Number of suggestions from employees = Learning and Growth perspective

3. Contribution margin = Financial perspective  

4. Brand recognition = Customer Perspective  

5. Number of cross-trained employees = Learning and Growth perspective

6. Amount of setup = Internal process prospective

In this way, it should be allocated.

Learn more: brainly.com/question/20421012

Why might a small company with limited resources NOT want to use the DAGMAR approach to setting objectives?A) DAGMAR does not support the use of communications objectives.B) DAGMAR requires managers to use more subjectivity in setting objectives than other methods.C) Small companies are unlikely to want to spend money on marketing research to develop benchmark measures and track advertising effects.D) Small companies often cannot identify their real target audience.E) All of the above are reasons why a small company with limited resources may not want to use the DAGMAR approach to setting objectives.

Answers

Answer:

The correct answer is the option C: Small companies are unlikely to want to spend money on marketing research to develop benchmark measures and track advertising effects.

Explanation:

To begin with, the concept known as "DAGMAR" refers to a method used in the field of business and marketing that primarily focus on the use of a strategy that will allow the managers of the company to adjust their objectives to be the best possible in order with the marketing campaign objectives they already have and the results they expect to have in the future. Therefore that a company with limited resources might not want to use this type of marketing approach due to the big amount of money that needs to be spend in it in order to be worth it and good at it.

Other Questions
I need help with this, Please help. How do you think the selling price of an item is decided on? What factors are involved? when carbon and oxygen combine chemically, what is true about the mass of the product were the colonies the only market for england manufactured goods. Why or why not?I WILL GIVE BRAINLIEST AND 5 STARS PLEASE HELP!!! 50 POINTS How would you respond to this question?Qu te gusta beber? 1. Les gusta beber refresco.2. Me gusta beber agua.3. Te gusta beber juego.4. Le gusta beber refresco. 3x-5y=15 find y when x=1 Symbols such as Traveler's Financial Services umbrella are designed to help customers over come the _____ of services. Find the y-intercept of the following equation. Simplify your answer.y = x 8 The_______letter is written when a person wishes to make a purchase.A.) applicationB.) adjustmentC.) order What number must be placed in the box in the equation below to produce an equation that has more than one solution: 5u+3(4u-6)=-3u-27+20u+ Ken's heart rate went from 74 beats per minute while resting to 148 while exercising what is the percent increase in his heart rate Peter shot 40 free throws. He made 80% of his shots. What fraction is equivalent to 80%? Pleas answer im trying to get my work done over here. Im in math honors and im really not feeling it today so someone please! Determine if these statements are true or false. a. The Federal Reserve chooses how much banks lend. b. The Federal Reserve serves as a lender of last resort. c. The Federal Reserve loans money to banks. d. The Federal Reserve sets a target for the federal funds rate. e. The federal funds rate matters only to banks. Brady went on a field trip to the water park. The cost of the trip was $19.99 to get into the park. He bought a hot dog for $3.50 and spent $2.10 on gas money. How much money did Brady spend? LANGUAGE QUESTION PLEASE HELP How do you solve for critical value? Adjectives WorksheetAdjectives inade words that describe what a noun loose andwhatthe horiQ. Find the adjectives and circle it.booksballyummyslowlongsmalloldgirlmousecarcatcirclefasttallloudtinydeliciouscoolhomeboxlargephonesaltycakespeedylowdogbabyhet hatte.com hi im learning about zodiac sign can u share urs and what are some things u like to do im a aquarius i play vollyball and sing tysm If 260 is 20% what is the number for 80% what is the book "a wrinkle in time" all about?