gmgajhd5886 gmgajhd5886
  • 11-10-2022
  • Mathematics
contestada

How much will the house be worth?

How much will the house be worth class=

Respuesta :

NenaDelBarrioF12196 NenaDelBarrioF12196
  • 11-10-2022

Given:

[tex]S=C(1+r)^t[/tex]

Where:

• S is the inflated value t years from now

,

• r is the rate

,

• C is the present value.

Let's solve for S, when:

• r = 6% = 0.06

,

• C = $73,000

,

• t = 12

Input values into the equation and solve for S:

[tex]S=73000(1+0.06)^{12}[/tex]

Solving further:

[tex]\begin{gathered} S=73000(1.06)^{12} \\ \\ S=73000(2.012196472) \\ \\ S=146890.34\approx146890 \end{gathered}[/tex]

herefore, the house will be worth $146890

NSWER:

$146,890

Answer Link

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