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OpenStudy (rocklionmba):
If the average value of a house increases 10% per year, how much will a house costing $120,000 be worth in 10 years? Round to the nearest dollar.
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OpenStudy (wolf1728):
Value = Starting Price × ( 1 + rate )^years Value = 120,000 × ( 1 + .10 )^10 Value = 120,000 x (2.5937424601) Value = 311,249.095212 Value = 311,249.
OpenStudy (rocklionmba):
Thank you! we are doing sequences, so when I saw this question, i was confused on what to do. Thanks again.
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