Question
Please answer all #20 A carpenter sets aside $243,100.00 today to renovate a house in a historic neighborhood. If the housing market is good, he
Please answer all
#20
A carpenter sets aside $243,100.00 today to renovate a house in a historic neighborhood. If the housing market is good, he expects to sell the house for $391,250.00 in 2.00 years. However, if the housing market is bad, he will only be able to sell the house for 257,600.00.
What interest rate (or return on his investment) will the carpenter earn if the housing market is good?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
#21
A carpenter sets aside $243,100.00 today to renovate a house in a historic neighborhood. If the housing market is good, he expects to sell the house for $391,250.00 in 2.00 years. However, if the housing market is bad, he will only be able to sell the house for 257,600.00.
What is the rate of return if the housing market turns out bad for the carpenter?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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