If a house is purchased at $240,000, what is the predicted value of the house in 12 years if it appreciates at a rate of 4% per

Question

3 years ago

5

If a house is purchased at $240,000, what is the predicted value of the house in 12 years if it appreciates at a rate of 4% per

year? Round to the nearest cent, if necessary. (Hint: The formula for appreciation is P(1+r)^t where p is the principal or initial amount, r is the yearly rate of appreciation expressed as a decimal, and is
the time in years.)
A. $3,777,644.65
B. $147,050.34
c$1,360,653.90
D. $384,247.73

Mathematics

2 answers:

Jlenok [28] · Answer 1 · 2022-07-22T19:25:47+03:00

Jlenok [28]3 years ago

3 0

Answer:

The answer is A. 3777644.65 ( i think)

yanalaym [24] · Answer 2 · 2022-07-22T20:50:39+03:00

yanalaym [24]3 years ago

3 0

Answer:

The answer is D.)$384,247.73

Step-by-step explanation:

I just took the test, its D.