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algol13
3 years ago
6

If inflation is 4% a year compounded annually, what will it cost in 20 years to buy a house currently valued at $75,000.00?

Mathematics
1 answer:
Masja [62]3 years ago
6 0
1.04^20=2.2
75000*2.2=$164334 as the value of the house in 20 years
☺☺☺☺

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