cubist7483 cubist7483
  • 17-11-2017
  • Mathematics
contestada

If inflation is 4% a year compounded annually, what will it cost in 20 years to buy a house currently valued at $75,000.00?

Respuesta :

jorel1380
jorel1380 jorel1380
  • 23-11-2017
1.04^20=2.2
75000*2.2=$164334 as the value of the house in 20 years
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