Question

Marianne buys a house for $150,000, and the value of the house increases at a rate of 1.2% per year. How much will the house be worth in 10 years? Round to the nearest dollar.

Answer 1

A=p (1+r)^t
A future value
P present value 150000
R rate 0.012
t time 10 years
A=150,000×(1+0.012)^(10)
A=169,003.77 round your answer
A=169004