How long would it be before the company could sell the

Reference no: EM13549285

A multinational engineering consulting firm that wants to provide resort accommodations to certain clients is considering the purchase of a three-bedroom lodge in upper Montana that will cost $250,000. The property in that area is rapidly appreciating in value because people anxious to get away from urban developments are bidding up the prices. If the company spends an average of $500 per month for utilities and the investment increases at a rate of 2% per month, how long would it be before the company could sell the property for $100,000 more than it has invested in it?

Reference no: EM13549285

Questions Cloud

Determine the speed of the block after it has compressed the : A 20 kg block slides along the rough surface for which the coefficient of kinetic friction is 0.2. The block strikes a nonlinear spring with a speed of v=4.5 m/s. The spring is termed

Determine the average shearing stress in the bolts : A composite beam is made by attaching the timber and steel portions shown with bolts of 14-mm diameter spaced logitudinally every 200 mm. The modulous of elasticity is 10 GPa for the wood and 180 GPa for the steel

Describe a realistic investment problem where none of the : Assuming we are still in a world with only discrete investment choice, i.e., option A, option B, etc., describe a realistic investment problem where none of the environments discussed apply without some reframing.

Does the steel have adequate charpy v notch fracture tough : A Charpy V Notch test was conducted for an ASTM A572 Grade 50 bridge steel. the average values of the test results at four different test temperatires were found to be 10ft.lb -(-50 F) 15 ft.lb- 0F 40 ft.lb- 40F 60 ft.lb-100 F

How long would it be before the company could sell the : A multinational engineering consulting firm that wants to provide resort accommodations to certain clients is considering the purchase of a three-bedroom lodge in upper Montana that will cost $250,000.

Which pipe size is more economical at an interest rate : A chemical engineer is considering two styles of pipes for moving distillate from a refinery to the tank farm. A small pipeline will cost less to purchase (including valves and other appurtenances)

Calculate the depth h of mud for which the 3m concrete : Calculate the depth h of mud for which the 3m concrete retaining wall is on the verge of tipping about its forward edge A. the density of mud may be taken to be 1760 kg/m3 and that of concrete to be 2400 kg/m3.

What rate of return did the company make on the process : Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The initial cost of one process was $130,000 with annual costs of $49,000 and revenues of $78,000 in year 1, increasing by $1000 per year

What annual rate of return must the endowment fund earn : A permanent endowment at the University of Alabama is to award scholarships to engineering students. The awards are to be made beginning 5 years after the $10 million lump-sum donation is made

User Account

All Pages