subject
Business, 05.03.2021 01:00 MIStatefan2003

The state highway department has condemned Mr. Rossi's farm to build a new highway by-pass. They have already paid $195,000 for the property and have agreed to let Mr. Rossi continue to live in the house until construction on the by-pass actually begins. Due to state budget problems, all highway construction jobs in the region have been suspended indefinitely. Today Mr. Rossi deposits the entire amount paid for the property in an account at an interest rate of 10%, compounded monthly (12 times per year). He plans to use the entire balance in the account to invest in a new home at the time that construction on the by-pass actually begins. How much will Mr. Rossi have to invest in a new home if construction begins 6 years from today

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share
Answers: 1
question
Business, 23.06.2019 04:40
Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking
Answers: 1
question
Business, 23.06.2019 06:00
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
Answers: 1
question
Business, 23.06.2019 07:00
Which of the following are direct employee sources of foodborne disease organisms? a) normal flora b) sick employees c) transient microorganisms d) all of the above
Answers: 1
You know the right answer?
The state highway department has condemned Mr. Rossi's farm to build a new highway by-pass. They hav...
Questions
question
Mathematics, 06.12.2020 02:40
question
Mathematics, 06.12.2020 02:40
question
Mathematics, 06.12.2020 02:40
Questions on the website: 13722363