Greg buys a home for $328,500. His home is predicted to increase in value 4% each year. What is the predicted value of his home in 30 years?

The initial value of the Greg's home: $328,500. If his home is predicted to increase in value 4% each year, that means that the value will rise 1.04 times every year.

The predicted value after 30 years:

$328,500 * (1 + 0.04) ^30 =

= $328,500 * 1.04^30 =

= $328,500 * 3.2434 =

= $1,065,456.

Answer: The predicted value of his home in 30 years is $1,065,456.