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Galina-37 [17]
3 years ago
5

Becky is 18 and would like to buy a house when she is 36. What is the discount factor for today's prices if the housing values i

ncrease 6% per year? (1 point)
Mathematics
1 answer:
statuscvo [17]3 years ago
3 0
<span>you need to find the amount of years between now and when she wants to buy a home. 36-18= 18. then you take 18 and multiply is by %6. 18x%6 or 18x.06 =108% or 1.08. 

The discount prices for today's housing values compared to 18 years from now with a 6% increase per year would be 108% discount. </span>
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Given:

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Solution:

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So, the simple interest is $38.70.

Total savings is

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