You buy a house for $230,000. It depreciates 3% per year. How much is it worth in 5 years?

1 answer:

Nookie1986 [14]1 year ago

3 0

I honestly don’t know the equation but I just took the starting price, $230,000 and multipled it by .03 which was 6,900 and subtracted that from 230,000: 223,190. I repeated that 5 times. The answer I got is 197,508.83

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