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Alla [95]
3 years ago
14

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3. 5

% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars? a. $8,500 b. $87,800 c. $83,700 d. $103,800.
Mathematics
1 answer:
garri49 [273]3 years ago
5 0

The profit to be made when she sells the house is $103,800.

The first step is to determine the value of Tammy's house in 13 years. The formula to be used is:

  • FV = P (1 + r)^n
  • FV = Future value  
  • P = Present value  
  • R = interest rate  
  • N = number of years  

$184,000 x (1.035)^13 = $287,767.92

Profit = value of the house in 13 years - cost of the house

$287,767.92 - $184,000 = 103,767 = $103,800

To learn more about future value, please check: brainly.com/question/18760477

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6 0
3 years ago
hich number line correctly shows –3 – 1.5? A number line going from negative 4.5 to positive 4.5. An arrow goes from 0 to negati
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Answer:

#1

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#1)-3-1.5

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then, you go 1.5 units to the left of -3,

thus getting to -4.5,

#2) in #2 you went to the right to 3 and 4.5, but dude, it is subtraction, so, it should go the opposite way...wrong

#3) you can't change to order of the things in subtraction like in addition, so #3 is wrong answer of 3

#4) like in # 3, you have to go from 0 to (-3)   3 units to the left first, also you go from -3 to -4.5 1.5 units to the left, not -3 to -1.4 -4.5, which makes no sense, steps shown incorrectly to get any single answer at all

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4 years ago
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