Question

ou purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. How much will the home be worth in ten years?

Answer 1

$358,169.54

Step-by-step explanation:

the future value of the house = Present value ( 1 + interest rate)^number of years

$200,000(1 + 0.06)^10 = $358,169.54