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7 January, 14:45

Carly bought a new house for $125,000. The value of the house is approximately 3.5% each year. What will be the value of the house after 10 years?

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  1. 7 January, 14:46
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    For 1 year, the house appreciates $4375 (3.5% of 125,000). Therefore after 10 years, $4375 (10) = $43750. $125,000 + $43750 = $168,750.
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