Question

Tiffany purchased a building for $152,250. The land appreciates about 3.4% each year what is the value of the land after 13 years

Answer 1

@timo86m

Answer 2

The growth after every year is \(1+0.034\).
The growth after \(13\) years is \((1+0.034)^{13}\).

So the answer is \(\$152,250\times (1+0.034)^{13}\)

Answer 3

thank you :)