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04-11-2020
Business

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Josh Collins plans to buy a house for $283,000. If that real estate is expected to increase in value by 4 percent each year, what will its approximate value be six years from now

Respuesta :

ewomazinoade ewomazinoade

05-11-2020

Answer:

$358,085.28

Explanation:

Future value = present value x ( 1 + interest rate)

$283,000 ( 1.04)^6 = $358,085.28

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