asked 39.3k views
4 votes
PLEASE HELP ASAP

Hailey purchased an acre of vacant land for $34,287 six years ago. If the land appreciated at 1.5% each year, what is its value today?


$37,490.89 is the right answer, but I need to know how to do it. Can someone please help me with how to do it, like if there's a formula?

asked
User Slymore
by
8.4k points

1 Answer

4 votes
this is the way you solve it
PLEASE HELP ASAP Hailey purchased an acre of vacant land for $34,287 six years ago-example-1
answered
User Miroslav Prymek
by
8.3k points
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