dmsmith8960 dmsmith8960
  • 20-08-2020
  • Business
contestada

ou purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. How much will the home be worth in ten years?

Respuesta :

ewomazinoade ewomazinoade
  • 20-08-2020

Answer:

$358,169.54

Explanation:

the future value of the house = Present value ( 1 + interest rate)^number of years

$200,000(1 + 0.06)^10 = $358,169.54

Answer Link

Otras preguntas

what is the primary reason countries need SEZs?
What was Samuel Parris’s attitude toward children?
What is the normal force on a single book on a shelf?
Which statement describes a function of the female reproductive system . The vagina connects the ovaries to the uterus .The ovaries produce eggs .The uterus t
What is required to initiate the coupling of myosin to actin?
Cobalt-60 has a half-life of 5.25 years. How much of the substance would remain after two half-lives?
What is the algebra phrase x time y equal
Identify whether the given statements about climate change and economic growth are true or false. 1. Poorer countries have historically been responsible for the
what is this angle?​
Energy from the sun is transferred to the earth by: A) Conduction B) Conservation C) Convection D) Radiation