Question

the martins bought a condominium for $85,000. assuming that the value of the condo will appreciate at most 5% a year, how much will the condo be worth in 5 years?

Answer 1

Explanation:

Answer:181,250

Explanation:

Basically, the cost would go up 5 percent, and you’re asking how much it would go up in 5 years. So 5x5=25, so you’d multiply 145,000 by 25%, which is 36,250. So, you’d add that to 145,000 which would get you 181,250.