Every year you pay your neighbor $150 to clean the gutters at your house. you are pretty good friends so you know that your neighbor will never increase the price on you. you saw an ad on late night tv for a new product--guttersnipe--which sits in the gutters and prevents leaves getting in. your interest rate is 8% and you plan on being in the house another 5 years. you assume that any potential buyer won't be interested/notice that you have installed guttersnipe on your house. what is the most you would be willing to pay to buy guttersnipe for your house? $499 $399 $750 $599

$599

Explanation:

The maximum willingness to pay for the Gutter Snipe is the present value of annual payment made to the neighbor.

Annual Payment = $150  

Time = 5 Years

Rate = 0.08

Present Value of Annuity = P*[1 - (1 + r)^-n / r]

                                          = 150*[1 - (1 + 0.08)^-5 /0.08]

                                          = $599

Therefore, The most you would be willing to pay to buy GutterSnipe for your house is $599.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer; automated fingerprint;