certain central bank from 2000 to from 2000 to 2016 the average price of a new home in a certain region increased by 61% to $560 thousand. What was the average price of a new home in 2000?
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- A rental car agency rents cars for an average price of $45/day. The number of cars owned in 2020 totals 150. The number of days rented per car in 2020 equals 200. Hence, the rental revenue in 2020 totals $45(150) (200), or $1,350,000. If the agency increases the number of cars at an annual rate of 10%, the number of days rented per car each year remains constant, and the average rental rate increases 5%/year due to inflation, what is the present worth of rental income in 2025 if the agency’s real MARR is 10%? (Allow for a fractional valued number of cars.)In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of owning a home was less expensive than renting. The following data show the average asking rent for 10 markets and the monthly mortgage on the median priced home (including taxes and insurance) for 10 cites where the average monthly mortgage payment was less than the average asking rent (The Wall Street Journal, November 2627, 2011). a. Develop a scatter chart for these data, treating the average asking rent as the independent variable. Does a simple linear regression model appear to be appropriate? b. Use a simple linear regression model to develop an estimated regression equation to predict the monthly mortgage on the median priced home given the average asking rent. Construct a plot of the residuals against the independent variable rent. Based on this residual plot, does a simple linear regression model appear to be appropriate? c. Using a quadratic regression model, develop an estimated regression equation to predict the monthly mortgage on the median-priced home, given the average asking rent. d. Do you prefer the estimated regression equation developed in part (a) or part (c)? Create a plot of the linear and quadratic regression lines overlaid on the scatter chart of the monthly mortgage on the median-priced home and the average asking rent to help you assess the two regression equations. Explain your conclusions.Some of the websites show graphs indicating how one currency has done relative to another currency. a. Over the past year, how has the pound performed against the dollar? Does the dollar buy more or less pounds today than it did 1 year ago? b. Over the past year, how has the dollar performed against the yen? Does the dollar buy more or less yen today than it did 1 year ago?
- In 1983 the average tuition for one year at an Ivy League school was $11,800. Thirty years later, in 2013, the average cost was $23,700. What was the growth rate in tuition over the 30-year period? Select one: a. 8% b. 2% c. 4% d. 9% e. 6%Last month, the value of €1 was $1.30. During the last month the euro (€) depreciated by 5%. What is the value of euro today? a. $1.235 b. $1.30 c. $1.330 d. $1.365Assume home prices in Cobb county increase annually at 3%. For how much would you expect to sell a property in 8 years if its current value is $200,000? $253,354.02 $157,881.85 $248,000 $242,000
- In 1983 the average tuition for one year at an Ivy League school was $11,800. Thirty years later, in 2013, the average cost was $23,700. What was the growth rate in tuition over the 30-year period? (Select the percentage to the nearest whole number) Select one: a. 4% b. 8% c. 2% d. 6% e. 9%Inflation Laureen Mauer's salary a year ago was $51,000. If inflation during the year was 3 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Enter the dollar answer as a positive value. Round your answer to the nearest dollar. $ Also, what would be her purchasing power if deflation of 2 percent occurred? Round your answer to the nearest dollar. $The consumer price index of education in January 2017 was 251.126. In January 2018 the CPI for education was 257.308. If annual tuition at a public university was $5,500 in January 2017, What should the same tuition cost (in dollars) in January 2018 if the school increased tuition to keep pace with the CPI? Round your answer to the nearest cent. 
- The average annual tuition for a public university in 1998 was $18,391. In 2018, the average annual tuition for a public university is $22,593. How much (as a percentage) has the tuition cost increase on average per year? State your answer to two decimal places (e.g., 3.86)in 1983 the average tuition for one year at an ivy league schoolwas $11,800.thirty years later,in 2013 , the average cost was$23,700.what was the growth rate in tuition over the 30years period?The average annual tuition for a public university in 1998 was $20,354. In 2018, the average annual tuition for a public university is $23,333. How much (as a percentage) has the tuition cost increased over the entire period? State your answer to two decimal places (e.g., 3.86)
