How much will the building be worth at the end of the 20th, Financial Management

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How much will the building be worth at the end of the 20th

Solve the following question

Today Tom Smith purchased an apartment building for $1,000,000. He expects it to increase in value at the rate of 12% compounded annually for the next 20 years.

How much will the building be worth at the end of the 20th year if his expectations are correct?

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Financial Management: How much will the building be worth at the end of the 20th

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Financial Management: How much will the building be worth at the end of the 20th

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