The profit to be made when she sells the house is $103,800.
The first step is to determine the value of Tammy's house in 13 years. The formula to be used is:
- FV = P (1 + r)^n
- FV = Future value
- P = Present value
- R = interest rate
- N = number of years
$184,000 x (1.035)^13 = $287,767.92
Profit = value of the house in 13 years - cost of the house
$287,767.92 - $184,000 = 103,767 = $103,800
To learn more about future value, please check: brainly.com/question/18760477
Answer:
f^-1 = 4(x-3)
Step-by-step explanation:
If f(x) = 1/4(x) + 3 we ned to find f^-1.
To find the inverse function, we need to solve the equation for "x", as follows:
f(x) = 1/4(x) + 3
y = 1/4(x) + 3
y-3 = 1/4(x)
4(y-3) = x
Now, change the "x" for an "y". And change the "y" for an "x":
4(x-3) = y
The solution is the last one.
Answer:
23,490
Step-by-step explanation:
10% = 0.1
234900 x 0.1 = 23490
where's the rest of question so I can help?
