Question

PLEASE HELP ME!!
What will a $140,000 house cost 6 years from now if the price appreciation for homes over that period averages 6% compounded annually?

The future cost of the house will be $_________
Round to the nearest cent.

Answer 1

\[A=P(1+\frac{r}{n})^{nt}\]

Answer 2

so it would be the same process?

Answer 3

Replace P with 140000 replace r with .06 replace n with 6 replace t with 6

Answer 4

I got 140000?

Answer 5

Show me what you did step by step and I'll trouble shoot

Answer 6

\[140000(1+\frac{ .06 }{ 6 })^{36}\]

Answer 7

So far so good.
Next step?

Answer 8

opps forgot to close the ( ) would the answer be $200307. 63

Answer 9

That's what I got.

Answer 10

thank you super much!!!

Answer 11

yw