Question 1153650
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Growth FACTOR over 20 years: {{{150000/110000 = 15/11}}}<br>
Growth FACTOR per year: {{{(15/11)^(1/20)}}} = 1.01563 to 5 decimal places<br>
Annual growth RATE: {{{1.01563-1 = 0.01563}}} = 1.563%<br>
Value in 2010 (5 years after 2005 value of $150,000): {{{150000(1.01563)^5}}} = {{{cross($16209)}}} $162,094 to the nearest dollar.<br>
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Thanks to tutor @ikleyn for catching the misplaced decimal in my original response....<br>