Question

**Financial Applications*** WORK SHOWN



Hailey purchased an acre of vacant land for $34,287 six years ago. If the land appreciated at 1.5% each year, what is its value today?

$31,314.60

$34,544.96

$37,372.83

$37,490.89


I believe the answer is D

34,287(1+0.015)^6

Answer 1

you are correct :)

Answer 2

Very good :D