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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?

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?
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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?

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User Purrsia
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1 Answer

3 votes
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
answered
User AndyJ
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8.4k points
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