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The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many years until the apartment will be worth 100,000?…

The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many years until the apartment will be worth 100,000?…
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The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many years until the apartment will be worth 100,000?

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User Robert Hunt
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Answer:

1st year is $75,000 * 0.04 = $3,000 $75,000+$3,000=$78,000

Explanation:

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User Aaron Hoffman
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