The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many years until the apartment will be worth 100,000?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 6, 2022 2.2k views

0 votes

The smiths bought an apartment for $75,000. assuming that the value of the apartment will appreciate at most 4% a year, how many years until the apartment will be worth 100,000?

Mathematics
high-school

Robert Hunt asked

by Robert Hunt

5.7k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

2 votes

Answer:

1st year is $75,000 * 0.04 = $3,000 $75,000+$3,000=$78,000

Explanation:

Aaron Hoffman answered Apr 12, 2022

by Aaron Hoffman

5.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions