Question

Since 2003 median home prices in Midvale, UT have been growing exponentially at roughly 4.7 %...

Since 2003 median home prices in Midvale, UT have been growing exponentially at roughly 4.7 % per year. If you had purchased a house in Midvale, UT for $ 156000 in 2004 in what year would the home be worth $ 239000 ?

Round to the nearest year.

Year =

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Just based on inflation, how much would we have to make today to buy the same...
Just based on inflation, how much would we have to make today to buy the same items in the year you were born? Let's assume to buy a house in the year you were born, it would cost $100,000. The prices of houses have gone up for a number of reasons, but some of that increase has been due to inflation. How much inflation have we had in your lifetime? What is the amount that you would need today to...
Scenario: since your mom have been home with your family for months and she is excited...
Scenario: since your mom have been home with your family for months and she is excited to get out to resume her previous level of activity. Decides that she wants to return to her favorite activity and play basketball games. However, since your mom has been putting in long hours working in her home office, she states she can’t resume these weekly games until she gets back into shape. she also states since working from home she has been experiencing...
ColgatePalmolive(CL)is currently selling for approximately $71. Their dividend is currently $1.76 and they have been growing...
ColgatePalmolive(CL)is currently selling for approximately $71. Their dividend is currently $1.76 and they have been growing their dividend data constant rate of 4%. If our required rate of return is 8%, using the constant perpetual growth model,what would we believe CL is worth? Is CL a potentially good investment?Would you buy CL? Assume it is January1,2020. Merck Pharmaceuticals(MRK) is currently selling for $80. Dividends for 2020 are expected to be $2.44 per share.We expect that dividends in 2021 will be...
The U.S. had a new administration that got elected in 2016. Since then, there have been...
The U.S. had a new administration that got elected in 2016. Since then, there have been several proposed changes in almost every field either through new executive orders or legislation. These executive orders and legislation may bring major changes in how the country is administered. Based on this information, develop a research paper that will project the impact of Trump’s administration on the following variables: Impact on consumption/consumers, demand, supply and prices Impact on GDP Impact on International trade Impact...
Norman and Nancy Nottingham have been married for 20 years and have four children who qualify...
Norman and Nancy Nottingham have been married for 20 years and have four children who qualify as their dependents (Nelson, Nadine, Nora, and Nathanial). The couple received salary income of $190,000 and they sold their home this year. They initially purchased the home 8 years ago for $200,000 and have lived in it ever since. They sold it for $550,000. They sold some stock they had owned for 4 years and had a $3,000 gain on the sale. The Nottingham’s...
Assume you have been making payments of $1,000 per month at a rate of 4% per...
Assume you have been making payments of $1,000 per month at a rate of 4% per year on a 30 year, fixed rate mortgage. You will close on the home after making your last payment in year 5. How much will your loan payoff amount be (in other words, what is the outstanding balance on your loan after 5 years)? A. $25,000 B $152,013.44 C. $187,013.64 D. $189,452.48 Assuming you sell the home for $371,809.50, pay a 6% real estate...
The company has been growing steadily over the past 5 years, and the financials and future...
The company has been growing steadily over the past 5 years, and the financials and future prospects look good. Your CEO has asked you to run the numbers. After doing some digging into the business, you have gathered information on the following: The estimated purchase price for the equipment required to move the operation in-house would be $750,000. Additional net working capital to support production (in the form of cash used in Inventory, AR net of AP) would be needed...
A. Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they have...
A. Madsen Motors's bonds have 25 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 7.5%; and the yield to maturity is 8%. What is the bond's current market price? Round your answer to the nearest cent. ? $   B. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 6% semiannual coupon, 10 years to maturity, and a 7.5% YTM. What is the bond's price? Round your answer to...
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where...
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during...
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where...
You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT