Question

Joseph purchased a small condominium for $145,000 when he graduated college in 2000. The value of his condo has been appreciating at a rate of 6.45% each year. He sells his condo in 2015 to move to Europe for his job. About how much is his condo worth when he sells it?​

Answer 1

$370,299.38

I used a compound interest calculator, seems pretty smart by me to use one for this question.

Answer 2

its worth 140,287.5

Explanation: