A family purchase a beach house for $350 000. They have been assured by the real-estate agent that it will gain in value by 10% each year. Each year on the anniversary of the purchase they use this claim to calculate the value of the house. If the claim is correct, how much will the house be worth five years after it was purchased.?
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Home » Mathematics » A family purchase a beach house for $350 000. They have been assured by the real-estate agent that it will gain in value by 10% each year. Each year on the anniversary of the purchase they use this claim to calculate the value of the house.