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jennifroeejen jennifroeejen
  • 08-05-2015
  • Mathematics
Answered

Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value of the house after 10 years?

Verified Answer :

cassyeleuterio
cassyeleuterio cassyeleuterio
  • 08-05-2015

Y=125,000 (1+.035)^10
Y=125,000 (1.035)^10
Y=125,000 (1.410598716) or 125,000 (1.41)
Y= $176324.85 or $176250

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