This deals with exponential growth. house value = 20,000 * (1.05)^years (where years is # of years from 1950 - so 1950 = 0, 1951 = 1, etc) house value = 20,000 * (1.05)^65 house value = 20,000 *
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23.8399005592
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<span><span><span>house value = 476,798.01</span>