Question

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

Answer 1

Answer:

The answer is A. 3777644.65 ( i think)

Answer 2

Answer:

The answer is D.)$384,247.73

Step-by-step explanation:

I just took the test, its D.