Bob's house has doubled in value since he bought it 30 years ago. The house's value has increased by an annual rate of: a) 2.34%. b) 3.33%. c) 6.67%. d) 100%.

Victor and Maria regularly buy and sell a number of items on eBay, Craig's List, and through the free community newspaper, from which they earn about $4,000 each year. What is the accumulated future value of those annual amounts over 22 years if the annual earnings were invested regularly and provided a 3 percent return each year?

Four years ago, Leroy invested $12,600.00. Today, he has $20,700.00. If Leroy earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $50,600.00 O 7.20 years (plus or minus 0.05 years) 7.57 years (plus or minus 0.05 years) O 6.25 years (plus or minus 0.05 years) 11.20 years (plus or minus 0.05 years) None of the above is within .05 percentage points of the correct answer

A homeowner purchased a house 30 years ago by $85,000, today the house value is $140,000. What compounded annual interest rate was recover by the owner of the house?

Ten years ago Alexander bought an investment property for $100,000.00. Over the 10-year period inflation has held consistently at 2% annually. If Alexander expects a 15%/yr real rate of return, what would he sell the property for today?

Twelve years ago you financed your $93,000 house with monthly payments on a twenty-yearmortgage loan with interest charged at 6.25% compounded monthly. Your realtor says the currentnet market value of the home is $102,000. What is your equity in the house?

Mickey & Minnie have $47 million in cash. Before they retire, they want the $47 million to grow to $112 million. How many years before Mickey & Minnie can retire if they earn 11.0% per annum on their stash of cash? Assume annual compounding. (Enter your answer in years to 2 decimal places, e.g., 12.34)

This year 10 years after you first took out the loan, you check your loan balance. Only part of your payments have been going to pay down the loan, the rest has been going towards interest. You see that you still have 120,730 left to pay on your loan. Your house is now valued at $180,000. how much of your original loan have you paid off?

You took out a mortgage on a new house 13 years ago.  You bought the house for $300,000; the mortgage loan was $164,000.  The original mortgage loan was 30 years.  Payments are monthly in the amount of $782.96.  What is your remaining balance?

Your uncle has $260,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? O a. 6.71 years O b. 11.98 years Oc. 9.39 years Od. 11.26 years Oe. 10.50 years