3 years ago

Use this formula to find the value of a house with appreciation: A = V (1+r)Y

Mathematics

1 answer:

tatiyna3 years ago

4 0

Answer:

$A=\$164,944.20$

Step-by-step explanation:

we know that

$A=V(1+r)^{Y}$

In this problem we have

$r=5\%=0.05$

$V=\$135,700$

$Y=4\ years$

substitute in the formula and solve for A

$A=\$135,700(1+0.05)^{4}=\$164,944.20$

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