You buy a house for $130,000. It appreciates 6% per year. How much is it worth in 10 years

Discussion in 'Calculator Requests' started by math_celebrity, Feb 3, 2018.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    You buy a house for $130,000. It appreciates 6% per year. How much is it worth in 10 years

    The accumulated value in n years for the house is:
    A(n) = 130,000(1.06)^n

    We want A(10)
    A(10) = 130,000(1.06)^10
    A(10) =130,000*1.79084769654
    A(10) = 232,810.20
     
    math_celebrity, Feb 3, 2018
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