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The price of a new home is $126,000. The value of the home appreciates 2% each year. How much will the home be worth in 10 yr?

The price of a new home is $126,000. The value of the home appreciates 2% each year. How much will the home be worth in 10 yr?
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The price of a new home is $126,000. The value of the home appreciates 2% each

year.
How much will the home be worth in 10 yr?

asked
User Babak Fi Foo
by
7.3k points

1 Answer

1 vote
A(10) =126,000 (1.02)^10 = $153,593.30
answered
User Fourk
by
8.0k points
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