Question

Many young people are attracted to the concept of vacation timeshare plan, particularly at a tropical...

Many young people are attracted to the concept of vacation timeshare plan, particularly at a tropical location. After reading the text about timesharing, are you more or less likely to invest your money this way? Why, or why not?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A vacation time share involves initial up-front payment and yearly or periodic maintenance fees for the vacation.
I feel it is a poor investment because this investment might force you to revisits the same holiday destination again and again.. Even if you miss the vacation planned due to unctrollable factors yet you have to keep paying the fees, if it is non-deeded timeshare you cannot even rent the holiday property to somebody else. Moreover tropical locations are usually far off which will include air fares or other transportation costs which further escalate the cost. It is mere luxury and not value for money.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why is physical activity important for young people? Using evidence-based strategies described in the text, how...
Why is physical activity important for young people? Using evidence-based strategies described in the text, how would you promote physical activity into your classroom or program setting? Using physical activity as punishment and taking away physical activity and/or recess as punishment goes against many district wellness policies and is subverts efforts to promote a healthy classroom. What would you do in your classroom or program setting instead?
A poll conducted in 1974 asked 1007 ?people, "During the past? year, about how many? books,...
A poll conducted in 1974 asked 1007 ?people, "During the past? year, about how many? books, either hardcover or? paperback, did you read either all or part of the way? through?" Results of the survey indicated that x=18.8 books and s=19.8 books. ?(a) Construct a 99?% confidence interval for the mean number of books read either all or part of during the preceding year. Interpret the interval. ?(b) Compare these results to a recentrecent survey of 1007 people. The results...
Read the article ‘How stocks test young investors’. When deciding how much to invest in stocks,...
Read the article ‘How stocks test young investors’. When deciding how much to invest in stocks, Mr Kitces says, your first consideration should be how comfortable you are with risk to begin with. This is what’s known as your ‘risk tolerance. ’ The problem: Investors — particularly young ones — are notoriously bad at predicting how much money they are willing to lose. Compounding the problem, young investors, due to their lack of experience in the markets and overall financial...
As time moves on and families are formed, young children will be sitting in our shoes...
As time moves on and families are formed, young children will be sitting in our shoes talking about research and statistics. How do you foresee the research of today affecting the children of tomorrow? One example I can think of is the computer. Guaranteed, by the time our children are adults, they will know more about the computer than we do. Another example is that of the millions of diets that people should follow. Each one offsets the other. How...
A poll conducted in 1971 asked 1009 people, During the past year about how many books...
A poll conducted in 1971 asked 1009 people, During the past year about how many books either hardcover or paperback did you read either all or part of the way through results of the survey indicated that x=18.9 books and s=19.9 books. (a) construct a 95% confidence interval for the mean number of books read either all or part of during the preceding year interpret the interval. (b) compare these results to a recent survey of 1009 people. The results...
ECONOMICS 1A: Say you are watching your favorite television program, and a commercial comes on. A...
ECONOMICS 1A: Say you are watching your favorite television program, and a commercial comes on. A soothing voice begins to describe your imaginary vacation in the lush, tropical paradise of Timbucktoo (a remote island in the South Pacific-fictitious of course), while pictures of rain forests and secluded beaches flash across your T.V. screen. The commercial begins to describe your daily itinerary while showing you the “gentle and friendly” native peoples of Timbucktoo, performing native dances and other activities to the...
You plan to retire at age 65. After learning the concept of time value of money,...
You plan to retire at age 65. After learning the concept of time value of money, you decide to start saving for retirement. Today, you are 20 years old and will put $20,000 in your retirement savings account. You are also planning on making an annual deposit at 6% of your salary. However, you realize that you just got your job and can’t start making the first deposit until exactly four years from today. You are making a salary of...
A poll conducted in 1978 asked 1004 ​people, "During the past​ year, about how many​ books,...
A poll conducted in 1978 asked 1004 ​people, "During the past​ year, about how many​ books, either hardcover or​ paperback, did you read either all or part of the way​ through?" Results of the survey indicated that x overbarxequals=19.3 books and sequals=20.3 books. ​(a) Construct a 9999​% confidence interval for the mean number of books read either all or part of during the preceding year. Interpret the interval. ​(b) Compare these results to a recentrecent survey of 1004 people. The...
You have finished your time at Kelley and need to start thinking about retirement. You plan...
You have finished your time at Kelley and need to start thinking about retirement. You plan on working for 20 more years and then retire. Upon your retirement 20 years from today, you plan to have enough money to withdraw $10,000 per month, with the first payment coming exactly one month after your retirement day. You expect your retirement account to earn a return of 8% APR (stated rate), compounded monthly, on all funds in the retirement account. Assuming you...
It is 2016 and you notice that there are many television programs about people who “flip”...
It is 2016 and you notice that there are many television programs about people who “flip” houses. That is, programs in which people buy houses, remodel them, and try to sell them later at a profit. You think that this sounds intriguing and consider buying a house to sell one year later. Assume that this house costs $1M today. Your forecasting model suggests that the market value of the house could take on one of five values next year: $600K,...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT