SOLUTION: A house was purchased for $90,000 in 1995. If the value of the home increases 5% per year, what is it worth in the year 2020?

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Question 838530: A house was purchased for $90,000 in 1995. If the value of the home increases 5% per
year, what is it worth in the year 2020?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A house was purchased for $90,000 in 1995. If the value of the home increases 5% per year, what is it worth in the year 2020?
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Note:: 1995 to 2020 is 25 years.
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Ans: 90,000(1.05)^25 = $304,771.94
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Cheers,
Stan H.
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