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Jill bought a house for $250,000. The expected depreciation of a house is 18% a year. When will her house be worth $200,000?

Jill bought a house for $250,000. The expected depreciation of a house is 18% a year. When will her house be worth $200,000?
asked 137k views
2 votes
Jill bought a house for $250,000. The expected depreciation of a house is 18% a year. When will her

house be worth $200,000?

asked
User Overgroove
by
7.7k points

1 Answer

2 votes

Answer is 1 year 1 month and 5 days

answered
User Robin Kanters
by
8.2k points
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