Question

Mr and mrs boyce bought a house for 96000 in 1995. The real estate broker indicated that houses in their area were appreciating at an average annual rate at 7%. If the appreciation remained steady at this rate, what was the value of the boyce's home in 2009?

Answer 1

if the appreciation remained steady at the rate of 7% then boyce’s home would be a value $142,103.451

now that’s some big money