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29 March, 12:38

When Henry bought his house for $135,700, he was told that it would appreciate at a rate of five percent per year. If this remains true, how much will his house be worth in four years?

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  1. 29 March, 15:12
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    The formula's a=v (1+r) ^y

    So: a=135700 (1+5%) ^4

    Which the outcome is: 164,944
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