shirley purchased a plot of land for $19500. the land appreciates about 3.9% each year. what is the value of the land after five years

Question

tkhunny · Answer

0 years: 19500
1 year: 19500 * 1.039
2 years: 19500 * 1.039 * 1.039 = 19500 * 1.039^2
etc..

anonymous · Answer

Its probably incredibly late for this but @tkhunny. is wrong.  23.302.50 is the answer to the question...

tkhunny · Answer

It's not too late at all.  Since I did not provide an answer, it is very difficult for me to have been wrong.  Thanks for contributing, though.  And, BTW I'll give you an unofficial warning for providing just an answer entirely lacking explanation.

anonymous · Answer

I Can give you an explanation  .

tkhunny · Answer

You do not seem to be understanding.  DO NOT, under any circumstances, provide just an answer.  It is contrary to the Code of Conduct.  Don't do that.