Category Fast answers

PROBLEM THE FINCH FAMILY HOMEOWNERS CONTRACT Assume the Finch family of Charlotte, North Carolina, purchased their home in 1966 for $50,000. Since then, comparable homes in their neighborhood have most recently sold for $150,000. The cost to replace the home would be $169,500. It is estimated that the house is one third (1/3) depreciated.

PROBLEM THE FINCH FAMILY HOMEOWNERS CONTRACT Assume the Finch family of Charlotte, North Carolina, purchased their home in 1966 for $50,000. Since then, comparable homes in their neighborhood have most recently sold for $150,000. The cost to replace the home…