STATE - The Martins bought a condominium for $145,000. Assuming

that the value of the condo will appreciate at most 5% a year, how much

will the condo be worth in 5 years?

Question

Shannon Gibbs

Mathematics

27 August, 10:47

STATE - The Martins bought a condominium for $145,000. Assuming

that the value of the condo will appreciate at most 5% a year, how much

will the condo be worth in 5 years?

+3

Answers (1)

Know the Answer?

Destiny Mendoza · Answer 1

Answer:181,250

Step-by-step explanation:

Basically, the cost would go up 5 percent, and you're asking how much it would go up in 5 years. So 5x5=25, so you'd multiply 145,000 by 25%, which is 36,250. So, you'd add that to 145,000 which would get you 181,250.

STATE - The Martins bought a condominium for $145,000. Assumingthat the value of the condo will appreciate at most 5% a year, how muchwill the condo be worth in 5 years?

STATE - The Martins bought a condominium for $145,000. Assuming

that the value of the condo will appreciate at most 5% a year, how much

will the condo be worth in 5 years?