The annual income from a rented house

Assignment Help Macroeconomics
Reference no: EM13316056

The annual income from a rented house is $12,000. The annual expenses are $3000. If the house can be sold for $145,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 18% to be a suitable interest rate?

Reference no: EM13316056

Questions Cloud

How much mechanical work does the runner preform : A runner performs a standing hamstring curl in 1.5 seconds with the mass of the cuff weight and the lower leg 5 kg, How much mechanical work does the runner preform
Determine the total force in the connection at the end : At the end of a 0.6-m diameter pipe, the pressure is 270 KN/m2. The pipe is connected to a 0.3-m diameter nozzle. If the flow rate is 1.1 CMS, determine the total force in the connection
Find the direction of the acceleration of the object : Only two forces act on an object (mass=4.61 kg), as in the drawing. Find the direction (relative to the x axis) of the acceleration of the object
Find profitable blend of alloys that will satify requirement : Suppose a specialty steel company receives an order for 200 tons of steel containing at least 3 percent nickel and 2 percent manganese, with a carbon content not exceeding 3.5 percent. The steel will sell for $25 a ton.
The annual income from a rented house : The annual income from a rented house is $12,000. The annual expenses are $3000. If the house can be sold for $145,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 18% to be a suitable interest rate?
Sally stanford is buying an automobile that costs : Sally Stanford is buying an automobile that costs $12,000. She will pay $2000 immediately and the remaining $10,000 in four annual end-of-year principal payments of $2500 each
Create the primary key and foreign keys using a uml class : In order to move forward, the local university will need to develop a data model that will retain student records and perform various data extract transform and load (ETL) processes.
The city council estimates that the value of added : Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about $190,000.
How long does it take the swimmer to cross the river : A swimmer, capable of swimming at a speed of 1.07 m/s in still water (i.e., the swimmer can swim with a speed of 1.07 m/s relative to the water), How long does it take the swimmer to cross the river

Reviews

Write a Review

Macroeconomics Questions & Answers

  Elucidate what it means that the preference relation

Elucidate what it means that the preference relation has a utility function representation,

  Find the government spending multiplier

If the government equally increases pending and taxes by 1000, income will be increased by how much and what should the government do to increase income by 400?

  Explain the difference among comparative advantage

Explain the difference among comparative advantage and absolute advantage. Explain how economies benefit with specialization and trade.

  Illustrate what fraction of the firms equity

Assume you borrow $1 million. According to MM, Illustrate what fraction of the firm's equity will you need to sell to raise the additional $1 you need.

  Find what is the official unemployment rate

Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..

  Illustrate what are your preconceptions of economics

Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.

  Describe tax credit program

Congress is considering a tax credit program for those who purchase energy-efficient appliances. Proponents of the program have said that $400 million will be given directly to taxpayers and argue that this will have an economic effect that is gre..

  Static classical ad or yp model

Using the static classical AD/YP model, demonstrate the effect of each of the following changes.

  What happens to the aggregate output in each case

Aggregate Demand & Supply Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither or both. Which curve shifts, & in which direction

  Service regardless of the number of calls made

Provider B does not have a fixed service fee but instead chaarges $1 per minute for calls. Your friend's monthly demand for minutes of calling is given by the equation Qd= 150-50P is the price of the minute?

  How could central bank achieve goal in short run

An economy is in long-run macroeconomic equilibrium with an unemployment rate of 5% when the government passes a law requiring the central bank to use monetary policy to lower the unemployment rate to 3% and keep it there.

  Draw an as-ad diagram

Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd