Find the 57th term of the following arithmetic sequence. 5, 14, 23, 32,
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We are given that a house had a value of $245000 and its value was increased by 9%. To determine how much is this value increase in dollars we need to multiply the value of the house by 9/100. We get this:
Therefore, the increase in dollars is $22050. Now, to determine the current value we need to add the increase to the previous value, we get:
Therefore, the current value of the house is $267050.