laurenparrott1
laurenparrott1 laurenparrott1
  • 26-02-2020
  • Mathematics
contestada

Joey buys a home for $263,000. His home is predicted to increase in value 5% each year.
What is the predicted value of his home in 25 years?

Respuesta :

flowerpoweralg
flowerpoweralg flowerpoweralg
  • 26-02-2020

Answer:

$890,611.35   :)

Step-by-step explanation:

First, we determine the equation.

Y=263,000(1+0.05)[tex]^{x}[/tex]

890,611.35

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