Wayne is planning to sell the twenty-room apartment building he bought fifteen years ago, for which he paid $759,000. The real estate market in his area has been falling since that time, and the property has decreased in value by 3.89% every year. Wayne rents each of his apartments for $495 per month, and upkeep on the building costs him $26,400 annually. Assuming that Wayne has kept his apartment com plex constantly three-quarters full, what will his net profit or loss be when he sells the building, to the nearest hundred dollars? a. $61,500 loss
b. $722,400 loss
c. $168,000 profit
d. $606,000 profit
Answers
Answer:
D
Step-by-step explanation:
ED2020
The net profit of Wayne be when he sells the building is $606000 and this can be determined by using the formula of profit.
Given :
Wayne is planning to sell the twenty-room apartment building he bought fifteen years ago, for which he paid $759,000.The real estate market in his area has been falling since that time, and the property has decreased in value by 3.89% every year. Wayne rents each of his apartments for $495 per month, and upkeep on the building costs him $26,400 annually.Assume that Wayne has kept his apartment complex constantly three-quarters full.First, determine the annual revenue which is given by:
Annual Revenue = Monthly Rent [tex]\times[/tex] Number of Rooms [tex]\times[/tex] Number of months [tex]\times[/tex] Three-quarters
Annual Revenue = 495 [tex]\times[/tex] 20 [tex]\times[/tex] 12 [tex]\times[/tex] (3/4) = $89100
Total Profit = (Annual Revenue - Annual Cost) [tex]\times[/tex] (Number of years)
= (89100 - 26400) [tex]\times[/tex] 15
= $940500
Now, the net profit of Wayne when he sells the building is given by:
Net Profit = Value of the building at the end of the 15th year + Total profit from renting - Cost of the building
Net Profit = 424490.38 + 940500 - 759000 = 605990.38
Net Profit [tex]\approx[/tex] $606000
Therefore, the correct option is D).
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Related Questions
ASAP
ptolemy has read 18 chapters of a 35 chapter book. What percent of the chapters has he read? Type your answer as a number followed by the percent symbol. Round your answer to the nearest tenth.
Answers
Answer:
51%
Step-by-step explanation:
Take 18/35You should get .51428Round the decimal to .51Turn the decimal into a percentage by moving the decimal point to the right 2 places.You should get 51%A shopper needs 48 hot dogs. The store sells identical hot dogs in 2 differently sized packages. They sell a six-pack of hot dogs for $2.10, and an eight-pack of hot dogs for $3.12. Should the shopper buy 8 six-packs, or 6 eight-packs?
Group of answer choices
A. He should buy 6 eight-packs because the unit rate is 39 cents per bun.
B. He should buy 6 eight-packs because the unit rate is 37 cents per bun.
C. He should buy 8 six-packs because the unit rate is 35 cents per bun.
D. He should buy 8 six-packs because the unit rate is 33 cents per bun.
Answers
Answer:
C
Step-by-step explanation:
A six back has a value of 35 cents per bun,
you may find this by dividing 2.10 by 6 and getting .35 per
while a 8 pack 3.12 divided by 8 is .39
so it is more economical or correct to get C. 8 six packs for 35 cents a bun
I don’t know how to measure the angles
Answers
Answer:
the measure of the angle is 130°
Step-by-step explanation:
50 and ? are supplementary angles
supplementary angles add up to 180
50 + ? = 180
subtract 50 from both sides of the equation
50 + ? - 50 = 180 - 50
? = 180 - 50
? = 130
what is the smallest number in which 480 must be multiplied to make it a perfect square
Answers
Answer:
30 is the smallest number
The length of a rectangle is three times the width. The perimeter of the rectangle
is 40 inches. What is the area of the rectangle (in square inches)
Answers
Answer:
The length of the rectangle: 3x
The width of the rectangle: x
Theres 2 lengths and 2 widths for every rectangle.
So the full perimeter is 3x+x+3x+x = 8x
8x;
= perimeter
= 40 inches
8x=40
x=40/8
x=5 inches
Length is 3x, substitute in for x
l = 3(5)
l = 15
Answer:29
Step-by-step explanation:
I need help with this question
8x4=(x times 7) - (x times 3)
Answers
Answer:
Step-by-step explanation:
Nothing further can be done with this topic. Please check the expression entered or try another topic.
8 x 4 = (xtimes⋅7) − (xtimes⋅3)
Match the angle pair?
Answers
Answer:
1) alt. interior
2) corresponding
3) alt. exterior
4) consecutive
A 4% peroxide solution is mixed with a 10% peroxide solution, resulting in 100 L of an 8% solution. The table shows the amount of each solution used in the mixture.
A table titled Peroxide Solution, showing Liters of Solution, Peroxide Concentration and Total. The first row shows 4 percent Peroxide, with 100 minus s, 0.04, and x. The second row shows, 10 percent Peroxide, with, s, 0.10, and y. The third row shows Mixture, and has 100, 0.08, ans z.
What is the value of z in the table?
6
7
8
9
Answers
Answer:
0.05 or you can say 5%.
Step-by-step explanation:
on Edge
PLEASE HELP !!
what is the value of x ? what is the value of y?
Answers
Answer:
y=145°, x=35°
Step-by-step explanation:
y = 145° (vertically opposite angles)
x + y = 180°(linear pair)
x + 145° = 180°
x = 180° - 145°
x = 35°
hope you understood!
Measures of the numbered angles
Answers
The questions are attached to here. Please help!
Answers
Answer:
Line D is the answer because the y-intercept is negative because it starts at -2 and the slope is one half because well its kinda obvious! May I have brainliest? Hope this helps:)
Step-by-step explanation:
Answer:
Line D
Step-by-step explanation:
has negative y intercept and has slope of 1/2
quadratic equations
Answers
Please specify? I don't understand what the question is supposed to be.
Answer:
In algebra, a quadratic equation is any equation that can be rearranged in standard form as where x represents an unknown, and a, b, and c represent known numbers, where a ≠ 0. If a = 0, then the equation is linear, not quadratic, as there is no term.
Step-by-step explanation:
6⋅v⋅v⋅v⋅v⋅v with exponents
Answers
Answer:
6.v⁴
Step-by-step explanation:
6.v.v.v.v.v
6.v four more times
so
6.v⁴
4|3-2x|-1=47 in simplest form
Answers
Answer:
x = − 9 /2 , 15 /2
Step-by-step explanation:
What is the median of 0,0,0,0,1,1,1,1,1,2,3,3,3,5,6,6,6,7
Answers
Answer: 1.5
Step-by-step explanation:
eliminate the numbers that aren’t in the middle. You‘re left with 1 and 2. Find the average of them which is 1.5. That is your median.
24.50m+22=18.25m+47 pleaseeeee helppppp
Answers
Answer:
Maybe try m = 4
Step-by-step explanation:
24.50m+22=17.25m+47
Move the terms
24.50m-18.25=47-22
Collect like terms
Calculate
6.25m=25
Divide both sides
M=4
Select the correct answer. Who are angel investors? A. Individual investors or institutions who give credit to small and medium enterprises B. Wealthy individuals who mostly invest in startups with good potential in exchange for stocks in the business C. Banks that lend money in exchange for collaterals D. Credit unions with stricter guidelines compared to others
Answers
Answer: B. . Wealthy individuals who mostly invest in startups with good potential in exchange for stocks in the business
Step-by-step explanation:
Angel investors are wealthy individuals who mostly invest in startups with good potential in exchange for stocks in the business.
It should be noted that when new businesses are been established or wants to start up, they usually have little capital and often times, need someone to help them with funds.
Am angel investor invests in such companies in exchange for ownership equity and also gives them the.nweded support.
A building casts a 16 ft shadow. A six foot man standing next to the building casts a 2.5 ft shadow. How tall is the building? (show your work)
Answers
Answer:
the building is 38.4 feet tall
Step-by-step explanation:
because the ratio for the man is 6:2.5 and the building is x:16
so x = 38.4
In a class of 25 pupils, 8 cannot swim. What percentage of the class can swim?
Answers
Answer:
12 i think im not exactly shore
Step-by-step explanation:
Convert each fraction or mixed number to a decimal using an equivalent fraction.(plus whoever answers first and right gets brainliest)
1. 4/5
2. 3/40
3. 8/200
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Answers
Answer:
Step-by-step explanation:
0.8
0.075
0.04
3.3125
Answer:
thanks alot this math is hard im behind this rilly helped me
Step-by-step explanation:
7th grade is hard i was ventral last year so i cinda for got everything so thanks
When solving the equation 3y+11=35 , which operation do you "undo" first?
Answers
Answer:
the addition
Step-by-step explanation:
3y + 11 = 35
-11 -11
-----------------
3y = 24
-----------
3 3
----------
y = 8
Answer:
you can really do whatever as long as you keep the equation balanced but if your teacher is expecting something specific from you then you would undo 11 (take away 11 from both sides)
Step-by-step explanation:
3y + 11 = 35 original equation
3y = 24 subtract 11 from both sides
y = 8 divide both sides by 3 to get y alone
What is the GCF of 12x and 28x^3
Answers
Answer:
4x........................................
RS has endpoints at R(1, 2) and S(1, 6). Find the midpoint M of RS. Write the coordinates as decimals or integers. M=CC,
Answers
Answer: The midpoint will be at M (1,4)
in the first quadrant you start at 6,4 and move 2 units left
Answers
To save water, a household decides to install one large and one smaller water tank. The smaller tank will hold 300 liters less than the
larger tank, and when the larger tank is 3/8 full, it will be able to completely fill the smaller tank.
Solve for m. the capacity of the smaller tank
Answers
Answer:
m = 180
Step-by-step explanation:
Solve using system of equations:
x = larger tank
m = smaller tank
x = m+300
m = 3/8x
What is the equation of the line that is perpendicular to
the given line and passes through the point (5, 3)?
O 4r-5y=5
O 5x+4y= 37
4x+5y=5
5x - 4y=8
Answers
Answer:
the answer is the first one
Step-by-step explanation:
edg 2020
Answer:
A
Step-by-step explanation:
Write an equation in slope-intercept form for the line that passes through (5, 3) and is parallel to x + 3y = 6.
Answers
Answer:
Step-by-step explanation:
the line given is
[tex]x + 3y = 6\\3y = -x + 6\\y = \frac{-1}{3} (x) + 2\\[/tex]
parallel lines have the same slope
[tex]y = \frac{-1}{3} (x) + b\\3 = \frac{-1}{3}(5) + b\\\frac{9}{3} = \frac{-5}{3} + b\\ b = \frac{14}{3}\\[/tex]
[tex]y = \frac{-1}{3} (x) + \frac{14}{3}[/tex]
The equation of line passes through the point (5, 3) will be;
⇒ y = - x/3 + 14/3
What is Equation of line?The equation of line in point-slope form passing through the points
(x₁ , y₁) and (x₂, y₂) with slope m is defined as;
⇒ y - y₁ = m (x - x₁)
Where, m = (y₂ - y₁) / (x₂ - x₁)
Given that;
The point on the line are (5, 3).
And, The parallel line is,
⇒ x + 3y = 6
⇒ y = - x/3 + 2
Now,
Since, The equation of line passes through the point (5, 3).
So, We need to find the slope of the line.
Since, The slope of the parallel line is same.
Hence, Slope of the line is,
⇒ y = - x/3 + 2
⇒ m = dy/dx = - 1/3
⇒ m = - 1/3
Thus, The equation of line with slope - 1/3 is,
⇒ y - 3 = - 1/3 (x - 5)
⇒ y - 3 = - 1/3 (x - 5)
⇒ y - 3 = - x/3 + 5/3
⇒ y = - x/3 + 5/3 + 3
⇒ y = - x/3 + 14/3
Therefore, The equation of line passes through the point (5, 3) will be;
⇒ y = - x/3 + 14/3
Learn more about the equation of line visit:
https://brainly.com/question/18831322
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(HELP PLZZZ 13 points)
A triangle has two sides of lengths 5 and 13. What value could the length of
the third side be? Check all that apply.
A. 10
B. 19
C. 24
D. 8
E. 5
F. 2
Answers
( will give Brainliest and 91 points please helppp)
Answers
Answer:
s = 6/7 yd
Step-by-step explanation:
Area of a square = side times side. Since each side of a square is the same, it can simply be the length of one side squared.
The area of any quadrilateral can be determined by multiplying the length of its base by its height. Since we know the shape here is square, we know that all sides are of equal length. From this we can work backwards by taking the square root of the area to find the length of one side.
which Expression best represents the opposite of the opposite 8 1/4
Answers
Answer:
8 and 1/4
Step-by-step explanation:
The opposite of 8 and 1/4 is -8 and 1/4
so the opposite of that opposite is 8 and 1/4
