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william buys a home for 362000. his home is predicted to increase in value 4.5 percent each year. what is the predicted value of his home in 30 years
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Jun 18, 2018
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william buys a home for 362000. his home is predicted to increase in value 4.5 percent each year. what is the predicted value of his home in 30 years
Mathematics
high-school
Vkantiya
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Here, A = P (1 + r/n)^nt
Here, P = 362,000
r = 0.045
n = 1
t = 30
Substitute their values,
A = 362,000 (1 + 0.045/1)^30
A = 362,000 (1.045/1)^30
A = 362,000(3.745)
A = 1,355,508.165
In short, Your Answer would be $1,355,508.165
Hope this helps!
Willem Jiang
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Jun 22, 2018
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Willem Jiang
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