A property sells for $620,000 two years after it was purchased. If the annual appreciation rate was 4%, how much did the original buyer pay for the property (round to the nearest $1,000)?

Answers

Answer 1
Final answer:

The original purchase price of the property, after accounting for 4% annual appreciation over two years with a final selling price of $620,000, is approximately $573,000 when rounded to the nearest $1,000.

Explanation:

The question involves finding the original price of a property given its final selling price after a period of annual appreciation. To calculate the original purchase price, we need to use the formula for compound appreciation in reverse, known as discounting. Since the appreciation is 4% per year for two years and the final selling price is $620,000, the original purchase price (P) can be found using the formula:

P = Final Price / (1 + rate of appreciation)^number of years

So, substituting the given values, we get:

P = $620,000 / (1 + 0.04)^2

Now, calculate the denominator:

(1 + 0.04)^2 = 1.0816

And then divide by the final price:

P = $620,000 / 1.0816

P = $573,029.94

When rounded to the nearest $1,000, the original purchase price is approximately $573,000.


Related Questions

what formulas could be used to determine the surface area of a cylinder sandwiched between one cone and half of a sphere?

Answers

To find the surface area of a cylinder sandwiched between one cone and half of a sphere, use the sum of the cylinder's lateral surface area, the cone's lateral surface area, and half the sphere's surface area. The formula is 2πrh + πrl + 2πr², excluding the base areas where the shapes intersect.

To determine the surface area of a cylinder sandwiched between one cone and half of a sphere, you should first consider the formulas for the surface area of these individual shapes. The shapes consist of simple geometrical forms: a cylinder, a cone, and a sphere. The surface area of these shapes can be described with established formulas within the geometry:

Cylinder: The surface area of a cylinder (excluding the ends) is calculated by multiplying the perimeter of the base circle (which is 2πr, where r is the radius) by the height h of the cylinder plus the area of the two circles (2πr²). This gives: 2πrh + 2πr².Cone: The surface area of a cone is the sum of the area of its base (πr²) and the lateral surface area, which is πr times the slant height. However, if the cone is placed on one end of the cylinder and they share a base, you do not need to calculate the area of the base since it is covered by the cylinder. You would just need the lateral surface area of the cone (πrl, where l is the slant height).Sphere: Half of the surface area of a sphere is 2πr² since the full surface area is 4πr².

Therefore, the final formula to calculate the total surface area of the described complex shape is the sum of the surface area of the lateral side of the cylinder, the lateral surface area of the cone, and half of the surface area of the sphere. This could be written as:
Total Surface Area = 2πrh + πrl + 2πr².

Note that you would omit the area of the circle that is common between the cylinder and the cone, as well as the area that is common between the cylinder and the half-sphere, since they are internall and not part of the external surface area.

Anyone know this please and thank you

Answers

The graph shown is not a function because points (-1,2) and (-1,0) have the same x value.

Convert each unit of weight....5,500 Ib = ____T

Answers

The answer is 2.75 tons
The answer would be 2.75 T

I WILL GIVE BRAINLIEST!!!!
Question 16 Unsaved
Which of the following statements is true?

Question 16 options:

-4.5 < -5.8


-3.4 > -4.2


0 < -8.5


3.9 < 1.3

Answers

- 3.4 > - 4.2 is the only correct statement

> means larger than
< means smaller than

A negative number which closer to 0 than an other negative number, is larger. Therefore - 3.4 is larger than - 4.2, and therefore - 3.4 > - 4.2

Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on the bike, what was the total cost of the bike?

Answers

FIND TAX
=$3950 * 6%
=3950 * 0.06
=$237 tax

FIND TOTAL
add tax above to bike price
=$3950 + $237
=$4187 total

ANSWER: The cost of the motorbike with tax is $4187.

Hope this helps! :)

the long leg of a 30-60-90 triangle is 11√3. what is the length of the hypotenuse?

Answers

This is perfect! 30-60-90 triangles follow a specific ratio where the hypotenuse is twice as long as the short leg, and the long leg is [tex] \sqrt{3} [/tex] times as long as the short leg. Knowing this, you can divide 11[tex] \sqrt{3} [/tex] by [tex] \sqrt{3} [/tex] to get 11 as the short leg. Multiply 11 by 2 to get the hypotenuse.

Final answer - the hypotenuse is 22

A triangle has two sides that are perpendicular. Could the triangle be isosceles equilateral or scalene? Explain

Answers

The triangle can be isosceles or scalene. It cannot be equilateral, since all angles in that triangle are equal to 60 degrees. This prevents two sides from being perpendicular.

Final answer:

A triangle with two perpendicular sides could be scalene or isosceles if the non-perpendicular sides are unequal or equal, respectively. It cannot be equilateral because equilateral triangles have no right angles.

Explanation:

If a triangle has two sides that are perpendicular to each other, it could potentially be a scalene or isosceles triangle, but it cannot be equilateral. When two sides of a triangle are perpendicular, they form a right angle. Thus, if a triangle has a right angle, it is a right triangle by definition. According to Theorem 2, if two angles of a triangle are equal, the opposite sides are equal, and the triangle is isosceles.

In our case, this theorem would apply if the two non-perpendicular sides are of equal length, resulting in an isosceles right triangle. On the other hand, Theorem 3 states that in a triangle with unequal angles, the side opposite the greater of the angles is greater than the side opposite the smaller. Therefore, if the sides forming the right angle are of different lengths, the triangle would be scalene.

two triangles are similar, and the ratio of the lengths of each pair of corresponding sides is 2:1. which statement regarding the two triangles is NOT True?

A- Their corresponding angles have a ratio of 2:!
B- Their areas have a ratio of 4:1
C- Their perimeters have a ratio of 2:!
D- Their altitudes have a ratio of 2:!

Answers

Answer: The correct answer is A - Their corresponding angles have a ratio of 2:1.

In the case of similar figures, we have the same basic shape however it is just make larger or smaller. Since this is the case, all of the angles will remain the same.

Imagine different sizes of stop signs. They are all similar and all the angles are the same. Only the lengths of the sides change.

All statements are true. Ratio of corresponding angles, areas, perimeters, and altitudes is 2:1. No false statement exists.

To determine which statement regarding the two triangles is NOT true, let's analyze each option step by step.

Given:

- Two triangles are similar.

- The ratio of the lengths of each pair of corresponding sides is 2:1.

Let's denote the lengths of corresponding sides in the first triangle as [tex]\( a \)[/tex], [tex]\( b \)[/tex], and [tex]\( c \)[/tex], and in the second triangle as [tex]\( 2a \)[/tex], [tex]\( 2b \)[/tex], and [tex]\( 2c \),[/tex] respectively.

A. Their corresponding angles have a ratio of 2:1.

- This statement is true because corresponding angles in similar triangles are congruent, so their ratios would indeed be 2:1.

B. Their areas have a ratio of 4:1.

- The area of a triangle is proportional to the square of the length of its sides. So if the ratio of the lengths of corresponding sides is 2:1, the ratio of their areas would be [tex]\( (2:1)^2 = 4:1 \)[/tex]. Hence, this statement is also true.

C. Their perimeters have a ratio of 2:1.

- The perimeters of triangles are directly proportional to the lengths of their sides. Since the ratio of the lengths of corresponding sides is 2:1, the ratio of their perimeters would indeed be 2:1. So, this statement is also true.

D. Their altitudes have a ratio of 2:1.

- The ratio of the altitudes of two similar triangles is equal to the ratio of their corresponding sides. So, if the ratio of corresponding sides is 2:1, the ratio of their altitudes would also be 2:1. Therefore, this statement is true.

Since all the statements are true, the correct answer is NONE.

Please help me with this



Simplify this expression:

3 2/3x-4/5(x-3 3/4)

Answers

(2 13/15) (x) + 3
I don’t think you need the parentheses

the midpoint od EF is point P at (-6 -2). If point E is at (2,-4), what are the coordinates of point F

Answers

this is the answer of you question

name each angle in four ways. then classify each angle as acute, right, obtuse, or straight.

Answers

Here are the 4 names for the first angle: (Others are similarly named.)
&nbsp; ∠ABC
&nbsp; ∠CBA
&nbsp; ∠B
&nbsp; ∠1

Acute: 4, 5
Right: 1
Obtuse: 2, 6
Straight: 3

_____
Note that only angle 1 is known to be a right angle, because it is marked as such. The others appear to have a particular measure, but since they don't have any specific indication of their measure, the appearance cannot be taken at face value. (We suspect you're supposed to use the appearance to answer this question, but don't get in that habit.)

In this geometric scenario, angles are named and classified. Angle 1 is a right angle, angle 3 is a straight angle, angles 2 and 6 are obtuse, while angles 4 and 5 are acute.

Let's name each angle in four ways and classify them:

Angle ABC (B is 90 degrees):

1 (as labeled)

∠ABC (using the vertex B)

∠CBA (using the vertex C)

∠1 (angle 1)

Classification: Right angle

Angle DEF (E is also labeled as 2):

2 (as labeled)

∠DEF (using the vertex E)

∠FED (using the vertex F)

∠2 (angle 2)

Classification: Obtuse angle

On line LN with point M (labeled as 3):

3 (as labeled)

∠LNM (using the vertex N)

∠MNL (using the vertex M)

∠3 (angle 3)

Classification: Straight angle

Angle XYZ (Y is also labeled as 4):

4 (as labeled)

∠XYZ (using the vertex Y)

∠ZYX (using the vertex Z)

∠4 (angle 4)

Classification: Acute angle

Angle KLM (L is also labeled as 5):

5 (as labeled)

∠KLM (using the vertex L)

∠MLK (using the vertex M)

∠5 (angle 5)

Classification: Acute angle

Angle RSP (S is also labeled as 6):

6 (as labeled)

∠RSP (using the vertex S)

∠PSR (using the vertex P)

∠6 (angle 6)

Classification: Obtuse angle

So, to summarize:

Right angle: 1

Obtuse angles: 2, 6

Straight angle: 3

Acute angles: 4, 5

To know more about angle:

https://brainly.com/question/30147425

#SPJ3

A town doubles its size every 22 years. If the population is currently 4,500, what will the population be in 88 years?

Answers

So, the population will always be 50 percent of the previous population counted.
4,500×1.50^x=y
4,500 is the population that it starts with, while 1.50 is telling that it is increasing by 50%. X is the number of years.
We are trying to find it in 88 years, so we should replace x with 4. Here is the reason, it doubles every 22 years and we are looking 88 years.
4,500×1.50^4= 22,781.25
There can't be .25 of a person, so the answer would be 22,781.

Two rectangles are similar. If the height of the first rectangle is 3 inches, and the height of the second rectangle is 9 inches, how much longer is the second rectangle's perimeter? 3 times as long 6 times as long 9 times as long 6 inches longer

Answers

3 times as long .....hope this helps

Answer:

Option a.

Step-by-step explanation:

Two rectangles are similar. Height of one rectangle is 3 inches and height of second rectangle is 9 inches.

Let width of rectangles are x inches and y inches.

Then width of the second rectangle will be in the same ratio as of their heights.

[tex]\frac{x}{y} =\frac{3}{9}[/tex]

[tex]\frac{x}{y} =\frac{1}{3}[/tex] ⇒ x = [tex]\frac{y}{3}[/tex]

Now perimeter of first rectangle P₁ = 3 + 3 + x + x  = 2x + 6

Perimeter of second rectangle P₂ = 9 + 9 + y + y = 18 + 2y

Ratio of P₁ and P₂ = [tex]\frac{2x+6}{18+2y}[/tex]

                             = [tex]\frac{2(\frac{y}{3})+6}{18+2y}[/tex]   [as [tex]x=\frac{y}{3}[/tex]]

                            = [tex]\frac{\frac{(2y+18)}{3} }{(18+2y)}[/tex]

                            = [tex]\frac{2y+18}{3(18+2y)}[/tex]

Ratio of P₁ and P₂ = ([tex]\frac{1}{3}[/tex]) ⇒ P₂ = 3P₁

Therefore, Option a is the answer.

How to make a box and whisker plot for 21,21,22,20,13,13,27,24

Answers

Hold up , I’m gonna draw it

The price of oil recently went from $7.80 to$10.40 per case of quarts. Find the ratio of the increase in price to the original price.

Answers

Hello,

When you are looking for a ratio, it is simply a fraction.

In the numerator, we will put the amount of the increase which is 10.4 - 7.80 = 2.6.
In the denominator, we will put the original price of $7.80.

This gives us the ration of 2.6/7.8 or just 0.33 if we divide.
We can say there was a 33% increase (or one-third).


I hope this helps, Good luck!
MrEquation

A mobile phone carrier charges an extra fee if a customer uses more than 500 minutes each month. Tom has already used 230 minutes this month. Which inequality can be used to determine how many more minutes Tom can use this month without going over the 500-minute limit?

Answers

The answer is x + 230 ≤ 500

Answer:

x + 230 ≤ 500

Step-by-step explanation:

Given,

The time for which Tom used the phone = 230 minutes,

Let he further used the mobile for x minutes,

So, the total time for which he used the phone = ( x + 230 ) minutes,

According to the question,

For the extra minutes more than 500 minutes, the mobile phone carrier charges an extra fee,

Thus, if he wants to use the phone, without going over the 500-minute limit,

Then, the total time used by him ≤ 500 minutes,

x + 230 ≤ 500

Which is the required inequality.

ABC is congruent to FGH, AB=8.3, BC=10.4, and CA=4.2. What is the measure of segment GH?

Answers

The measure of segment GH would be 10.4 also

For a better understanding of the explanation provided here please go through the diagram in the attachment given below.

As we can see from the diagram of the congruent triangles ABC and FGH, the vertices A,B,C of [tex] \Delta ABC [/tex] correspond to the vertices F,G,H of [tex] \Delta FGH [/tex], so the corresponding sides must correspond too. Thus, AB corresponds to FG, BC corresponds to GH and CA corresponds to GF.

Now, we know that BC=10.4. Therefore, it's corresponding side GH must be 10.4 too because they are corresponding sides of a congruent triangle.

Thus, GH=10.4 is the correct answer.

I think the answer is C but I’m not sure. Plz help me out

Answers

The answer is (c) hope it helps and have a great day!

What is the slope of a line that is parallel to y=5x+3

Answers

If a line is parallel to another line, the slope stays the same but the y intercept changes. For that line, 5 is the slope and 3 is the y intercept. So, 5 would be the slope for a line that is parallel to y=5x+3.
If a line is parallel to the line
[tex]y = 5x + 3[/tex]
the slope is equal to the slope of the line above. The slope of the line above is 5 (the number in front of the x represents the slope). Therefore the slope of a line that is parallel to the line above is 5.

What the answer to simplifying( 6 to the power of negative 2) by (3 to the power of negative 3) and (3•6) to the power of 4

Answers

6^-2 = 36. 3^-3 =-27. 3*6^4 = 3888

a rectangular deck has a area of 320 ft squared. the length of the desk is 4 feet longer than the width. find the dimensions of the desk. Solve by completing the square.

Answers

Because l•w= area, area= 320, l=w+4
width • (width +4)= 320

Distribute the multiplication over addition and move all to the left side.
w^2 +4w-320=0
(w-16)•(w+20)=0 yet, The product of two things is 0 if one is 0 or both are 0 so
w-16=0 so w=16 and
w+20=0 so w= -20

Now the width or length could not be negative so we discard the solution w=-20.

Answer
width= 16 inches
length =16+4=20

Verify
w•l=320
16•20=320✔️





What is the first step of rationalizing the denominator of 7√11√?

Answers

Final answer:

The first step of rationalizing the denominator of 7√11 is to multiply both the numerator and denominator by the conjugate of the denominator.

Explanation:

The first step of rationalizing the denominator of 7√11 is to multiply both the numerator and the denominator by the conjugate of the denominator. In this case, the conjugate of √11 is -√11. Therefore, we multiply both the numerator and denominator by -√11 to get:

7√11 * -√11 = -77

√11 * -√11 = -11

So, the rationalized denominator is -11. The denominator becomes -11, and the simplified expression is:

-77 / -11 = 7

The circumstance of a circle is 9pie cm. What is the diameter?

Answers

The diameter is 9.
Circumference=pi*diameter
9 pi/pi=9

Hope this helped☺☺
The diameter is 9 , this would help

What’s equivalent to 4/7 X 5/9? 5/9X4/7, 4/7 X 5/9, 4/9 X 5/7, 4/7 X 9/5 X=times

Answers

The second option is the correct answer 4/7 X 5/9
Each option is correct except for the last one.

♡´・ᴗ・`♡вяαιиℓιєѕт ρℓєαѕє♡´・ᴗ・`♡

Translate this sentence into an equation.
33 is the product of Jenny's height and 3

Use the variable
to represent Jenny's height.

Answers

3x=33.... I'm positive this is it

Describe the composition of an atom.

Answers

Hi there,
Atom is made up of electrons,protrons and neutrons.
Nucleus is ,ade of protrons and neutrons which is located in centre of the atom and electrons revolve
around it in specific orbits.
Hope it helps.

The atom consists of a tiny nucleus surrounded by moving electrons. The nucleus contains protons, which have a positive charge equal in magnitude to the electron's negative charge.

Find the required annual interest rate to the tenth of a percent for $5200 to grow to $6500 if interest is compounded quarterly for five years

Answers

It must be invested at 4.5%.

The compound interest formula is

A=p(1+(r/n))^(nt), where A is the total amount including interest earned, p is the principal invested, r is the rate, n is the number of times per year the interest is compounded, and t is the number of years.

With our information we have:

6500=5200(1+(r/4))^(4×5)

6500=5200(1+(r/4))^20

Cancel 5200 by dividing:
6500/5200 = [5200(1+(r/4))^20]/5200
1.25=(1+(r/4))^20

Using a calculator, take the 20th root of each side:

1.25^(1/20) = [(1+(r/4))^20]^(1/20)
1.011219651 = 1+(r/4)

Subtract 1 from each side:
1.011219651-1 = 1+(r/4)-1
0.011219651=r/4

Multiply each side by 4:
0.011219651×4 = (r/4)×4
0.0448786 = r
0.045 = r

Final answer:

After rearranging the formula and solving for the interest rate, the required rate is found to be approximately 4.7%.

Explanation:

The subject of this question is finding the required annual interest rate that will grow a principal amount of $5,200 to $6,500 when compounded quarterly over five years. To solve this, we shall use the compound interest formula:

A = P(1 + r/n)^(nt)

Where:A is the amount of money accumulated after n years, including interest.

P is the principal amount (the initial amount of money).

r is the annual interest rate (decimal).

n is the number of times that interest is compounded per year.

t is the time the money is invested for, in years.

We are given:

A = $6,500

P = $5,200

n = 4 (since interest is compounded quarterly)

t = 5 years

We need to solve for r. First, we rearrange the formula to isolate r:

(1 + r/n) = (A/P)[tex]^({1/(nt))}[/tex]

Then we can insert our known values and solve for r:

(1 + r/4) = ($6,500/$5,200)^(1/(4*5))
Calculate the right-hand side:

(1 + r/4) = (1.25)[tex]^({1/20)}[/tex]
Find the 20th root of 1.25:

(1 + r/4) ≈ 1.01168
Subtract 1 from both sides:

r/4 ≈ 0.01168
Multiply both sides by 4:

r ≈ 0.04672

Convert the decimal to a percentage:
r ≈ 4.672%
Round to the nearest tenth of a percent:

r ≈ 4.7%
Therefore, the required annual interest rate to the tenth of a percent for $5200 to grow to $6500 with interest compounded quarterly for five years is approximately 4.7%.

What is 4,321,109,432 rounded to the nearest ten million?
A. 4,000,000,000
B. 4,320,000,000
C. 4,321,000,000
D. 4,322,000,000

Answers

Final answer:

The number 4,321,109,432 rounded to the nearest ten million is 4,320,000,000,hence the correct option is B.

Explanation:

To round the number 4,321,109,432 to the nearest ten million, we need to look at the digit in the ten million's place and the digit to the right of it, which are 3 and 1, respectively. The rule for rounding is that if the digit to the right is 5 or greater, we round up.

In this case, the digit is 1, so we do not round up and the ten million's place remains unchanged.

Therefore, the answer is 4,320,000,000 (Option B), as every digit after the ten million's place is replaced with zero.

Jake bought the pizza shown above for lunch, which was cut into four equal slices. What percentage of the pizza did Jake eat if he had three slices?
A) 25%
B) 50%
C) 67%
D) 75%
the pic is below

Answers

He ate 75% because 3/4=75%.

Hope this helped☺☺
if he ate 3 slices, he ate 75% and has 25% left.

If he still has 3 slices left, he ate 25% and has 75% left

Hope I helped!

Let me know if you need anything else!

~ Zoe

Andrea wants to estimate the answer to this problem to see if her answer is reasonable. 7457 – 3908 Which expression shows these numbers correctly rounded to the nearest hundred? A. 7400 – 3900 B. 7500 – 3900 C. 7400 – 4000 D. 7500 – 4000

Answers

A because anything above 5 you round up anything below 4 and down your round down. Hope this helped
your answer is B
7457 rounded to the nearest hundred is 7500 (last 2 digits 57 are higher than 50)
3908 rounded is 3900
Other Questions
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Both countries should produce petroleum and seafood. Both countries should produce petroleum. Country A should produce seafood, and Country B should produce petroleum. Country A should produce petroleum, and Country B should produce seafood. A town doubles its size every 22 years. If the population is currently 4,500, what will the population be in 88 years? Again it moved on and spread its illumination in the vast green spaces beneath the dome of the heart-shaped and tongue-shaped leaves. Then the breeze stirred rather more briskly overhead and the color was flashed into the air above, into the eyes of the men and women who walk in Kew Gardens in July. The man was about six inches in front of the woman, strolling carelessly, while she bore on with greater purpose. Every now and then she turned her head to see that the children were not too far behind. 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Booker t. washington __________. believed african americans should fight for equal rights had little hope for the future of african americans in american society believed that self-help was the best plan for african americans emphasized the importance of higher education for african americans founded the national association for the advancement of colored people The part of the flower that becomes a fruit to protect the seeds is the _______. stigma style ovary anther why managing the disease a full time job for people with parkinsons Read this excerpt from President John F. Kennedys inaugural address on January 20, 1961: In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibilityI welcome it. I do not believe that any of us would exchange places with any other people or any other generation. 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