To determine the rental value of the apartment in the tenth year, knowing that it is worth 1,600 during the first year but that it will be adjusted annually to 11.5%, the following calculation must be made:
X = 1,600 x (1 + 0.115) ^ 10
X = 4,751.91
Thus, at ten years, rounded to the nearest tenth, the rental value will be $ 4,750.
