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Fred and Wilma purchase a new home for $190,000. The value of the home increases by 4% every 3 years. Determine the value of the home after 21 years. After 21 years, the home is…

Fred and Wilma purchase a new home for $190,000. The value of the home increases by 4% every 3 years. Determine the value of the home after 21 years. After 21 years, the home is…
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Fred and Wilma purchase a new home for $190,000. The value of the home increases by 4% every 3 years.

Determine the value of the home after 21 years.
After 21 years, the home is worth $?
Round your answer to the nearest cent.

asked
User Pavel Linkesch
by
7.7k points

1 Answer

2 votes

Answer:

After 21 years the value of the house will be $250900

Yes, it worth

answered
User Garvens
by
8.7k points
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