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22 October, 05:09

If a house is purchased at $240,000, what is the predicted value of the house in 12 years if it appreciates at a rate of 4% per year? Round to the nearest cent, if necessary. (Hint: The formula for appreciation is P (1+r) ^t where p is the principal or initial amount, r is the yearly rate of appreciation expressed as a decimal, and is

the time in years.)

A. $3,777,644.65

B. $147,050.34

c$1,360,653.90

D. $384,247.73

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Answers (2)
  1. 22 October, 05:11
    0
    The answer is A. 3777644.65 (i think)
  2. 22 October, 05:27
    0
    The answer is D.) $384,247.73

    Step-by-step explanation:

    I just took the test, its D.
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