Question

William buys a home for $362,000. His home is predicted to increase in value 4.5% each year. What is the predicted value of his home in 20 years?

Answer 1

`=873040$`

Explanation:

`362000(1+.045)^20`

`=362000(1.045)^20`

`=362000times2.412`

`=873040`