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ou purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. How much will the home be worth in ten years?
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ou purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. How much will the home be worth in ten years?

User Tom Redman
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1 Answer

3 votes

Answer:

$358,169.54

Step-by-step explanation:

the future value of the house = Present value ( 1 + interest rate)^number of years

$200,000(1 + 0.06)^10 = $358,169.54

User Irvifa
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