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- If an average home in your town currently costs $300,000, and house prices are expected to grow at an average rate of 5 percent per year, what will an average house cost in 10 years?The fox population in a certain region has an annual growth rate of 7 percent per year. It is estimated that the population in the year 2000 was 29700.(a) Find a function that models the population tt years after 2000 (t=0t=0 for 2000). Your answer is P(t)=P(t)= (b) Use the function from part (a) to estimate the fox population in the year 2008. Your answer is (the answer should be an integer)What will be the approximate population of the United States, if its current population of 280 million grows at a compound rate of 2% annually for 25 years?
- For the past years, real estate prices in a city have been increasing at an exponential rate of 2.7% per year. If the value of a house after 3 years from today is expected to be OMR (168789.92). Find its purchasing price 5 years ago You must use this formula :. X =P.er.ta. In 2000, the population of a country was approximately 5.76 million and by 2050 it is projected to grow to 10 million. Use the exponential growth model A=A0ekt, in which t is the number of years after 2000 and A0 is in millions, to find an exponential growth function that models the data. b. By which year will the population be 11 million?How many years will it take for $20,000 to grow to $250,000, given a 12% compound growth rate?
- For the past 4 years, real estate prices in one area of the country have been increasing at an exponential rate of 4.5 percent per year. A home was purchased 4 years ago for $125,000. (a) What is it estimated value today? (b) Assuming appreciation continues at the same rate, what will its value be 5 years from today?Suppose California’s population is 30 million people, and its population is expected to grow by 2% per year. How long would it take for the population to double? Show the Excel Wizard FormulaInputs: PV = -30 FV = 60 I/YR = growth rate 2% N = ? Wizard (NPER): = _____ Years to double.The demand for a product during the next ten years will be such that revenues will be $100,000 the first year and will increase by $10,000 each year thereafter. If inflation is assumed to be 6% per yuear and the company uses 10% in its economic studies, what is the present worth of the revenues expressed in present dollars?
- What is the present value of $2,000 received today, $2,500 received at the end of each of the next ten years and $1,000 received at the end of the 11th year , assuming a required rate of return of 6%?Over the past few years, housing costs have increased at a rate of 6% per year. If this trend were to continue, how many years would it be before a house doubled in value? 18 years 6 years 12 years 9 years.A project in NU will cost $200,000 for planning and $40,000 in each of the next six years. It is expected to generate $40,000 revenues per year permanently. Additional revenues will be gained in the pattern of an arithmetic gradient with $20.000 in the first year, declining by $4,000 per year to zero in the sixth year. What is the Rate of Return of this project?