Register
Eight years ago you bought your house for $115,000. You just sold it for $267,000. What was the average annual appreciation of your home
127k views
4 votes
Eight years ago you bought your house for $115,000. You just sold it for $267,000. What was the average annual appreciation of your home

User Kostia
by
4.0k points

2 Answers

4 votes

Answer:

(C) y = 115,000(1.05)x

Step-by-step explanation:

i just took the test

User Merrill Cook
by
3.5k points
5 votes

Answer:

$19,000

Step-by-step explanation:

appreciation is the difference between the price at which the house was bought and the price at which the house was sold

$267,000 - $115,000 = $152,000.

Average annual appreciation = $152,000 / 8 =$19,000

User Virgilia
by
3.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.6m questions

4.6m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
Link Copied!