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natulia [17]
3 years ago
13

The value of a house that was purchased 20 years ago has been appreciating by 1.2% each year since it was purchased. If the hous

e is currently valued at $456,996, what was it worth when it was purchased?
Mathematics
1 answer:
Kamila [148]3 years ago
7 0

I believe it would have been $347,316.95 at the time of purchase.

1.2% of 456996 is 5483.952

5483.952 \times 20 = 109679.04

So:

456996 - 109679.04 = 347316.95

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