Question

Mrs.Galicia bought a condo for 62,000. Assuming that’s its value will appreciate 4% per year, how much will the condo be worth is 6 years?

A.$72,531
B.$83,000
C.$111,073
D.$78,450

Answer 1

$78,449.78

Used a compound calculator for this one, even though it isn't for investment ;)

Answer 2

D.
The equation would look like this
62,000(1+.04)^6