Question 159433
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He wants to sell the house at a price: $175,000*2=$350,000 (at least twice the purchase price.
Remember eqn:
Purchase Price+n(5500)=Selling Price,
where n= no. of years
{{{175000+n(5500)=350000}}}
{{{n=(350000-175000)/5500=175000/5500}}}
{{{n=31.8years}}}, let say {{{highlight(32years)}}} before selling it.
THANK YOU,
Jojo</pre>