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OpenStudy (anonymous):
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OpenStudy (anonymous):
Edmond purchased a home for $198,300. The home appreciates about 6.5% each year. What is the value of the home after 16 years? 198,300x(1+0.065)^16 = $543,145.82
jimthompson5910 (jim_thompson5910):
You have the correct answer. Nice work.
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