Lee just purchased a new house costing 125000 houses in the


Lee just purchased a new house costing $125,000. Houses in the area are appreciating at the rate of 3.50% per year. If this rate holds steady for 5 years, what will the house be worth assuming that this 3.50% rate is compounded annually?

Solution Preview :

Prepared by a verified Expert
Mathematics: Lee just purchased a new house costing 125000 houses in the
Reference No:- TGS02516296

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)