Question

Joey buys a home for $263,000. His home is predicted to increase in value 5% each year.

Answer 1

Answer:

$890,611.35   :)

Step-by-step explanation:

First, we determine the equation.

Y=263,000(1+0.05)$^{x}$

890,611.35

Answer 2

Answer:

it will be $591. 750 if i im correct

Step-by-step explanation:

first, find out how many % his home will increased in 25 years: 25* 5% = 125%

then find out how many $ his home values: 263.000 x 125/100 = $328.750

then add his first value and second value together: $263,000 + $328.750 = %591.750 done