SOLUTION: can you help me solve this question? housing prices have been rising 6% per year. a house now costs 200,000 what would it have cost 10 years ago?

Question 920610: can you help me solve this question? housing prices have been rising 6% per year. a house now costs 200,000 what would it have cost 10 years ago?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
can you help me solve this question? housing prices have been rising 6% per year. a house now costs 200,000 what would it have cost 10 years ago?
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A(10) = 200,000(1.06)^10 = 1.7908*200,000 = $358,169.54
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Cheers,
Stan H.
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