At what net price would you have to sell the land

Assignment Help Microeconomics
Reference no: EM132162901

Question: You can buy a piece of vacantland for $30,000 cash. You plan to hold it for 15 years and then sell it at a profit. During this period, you would pay annual property taxes of $600. You would have no income from the property. Assuming that you want a 10% rate of return, at what net price would you have to sell the land 15 years hence?

Reference no: EM132162901

Questions Cloud

What is the future worth of the stamp collection : Stamp collecting has become an increasingly popular-and expensive-hobby. One favorite method is to save plate blocks.
David ricardo theory of comparative advantage : Explain David Ricardo's theory of comparative advantage. How does comparative advantage differ from absolute advantage?
What is the future worth at retirement : An individual who makes $32,000 per year anticipates retiring in 30 years. If his salary is increased by $600 each year and he deposits 10% of his yearly salary
Actual of government action : What is an issue that might not be normal but describes the actual of government action?
At what net price would you have to sell the land : You can buy a piece of vacantland for $30,000 cash. You plan to hold it for 15 years and then sell it at a profit. During this period, you would pay annual.
Automatic stabilisers on the government budget position : 1. What is the impact of the of the automatic stabilisers on the government budget's position? Explain.
Reasons why you agree with sherry turkles argument : Discuss three reasons why you agree with Sherry Turkles argument - Support each reason with specific details/personal examples and quotations/summaries
What is the future worth of the investments : A 20-year-old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday.
Find the two roots of quadratic functions : Find the two roots of each of the following quadratic functions (that is find the two X values that make Y = 0).

Reviews

Write a Review

Microeconomics Questions & Answers

  How should heather record and measure such a liability

An employee not taking his/her earned sick days would recveive payment thereon December 31 of that year. How should Heather record and measure such a liability as of June 30th?

  Government intervention in market

Mention five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?

  The neo-classical model of aggregate supply

In the neo-classical model of aggregate supply, assume that the economy starts in a recession.  On separate graphs, please show the supply-side and demand-side possible responses to recession to restore the economy to full employment.

  Economic naturalist writing assignment

Use a principle, or principles, discussed in the course to explain some pattern of events or behaviour that you personally have observed.

  How agencies spent their money

As we have seen already, agencies have limited budgets and have to be both frugal and efficient in how they spent their money. Rank the factors in order and explain why you picked that factor and ranked it as you did.

  Explain why inflation is a main concern for an economy

Explain why inflation is a main concern for an economy, and examine how well inflation in Australia has been managed by the monetary authority.

  Describe how resource-based competitive advantage drives

competitive advantage implies the creation of a system that has a unique advantage over competitors. with the advent of

  What happens to balanced-growth-path values of capital per

consider a solow economy that is on its balanced growth path. assume for simplicity that there is no technological

  What are your feelings about employee evaluation

If you have been involved in employee evaluation (360 or otherwise) what are your feelings about it? If you have not, imaging your feelings.

  Calculate the dol and break even point for this production

Suppose a company is producing 1000 units of bottled power drink priced at $5. It is using a manufacturing process with a fixed cost of $1450 and a variable cost of $2.75 per unit (AVC).

  How is this business or industry affected by regulation

3. How is this business or industry affected by regulation by a government agency? Should this industry have more government regulation or less

  Explain the importance to effective public speaking

Explain the importance to effective public speaking of each of the following aspects of physical delivery. Then select which one(s) you could improve on and how you will do so as you prepare for your final speeches:

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