What will a $190,000 house cost 6 years from now if the price appreciation for homes over that period averages 8% compounded annually? The future cost of the house will be $. (Do not round until the final answer. Then round to the nearest cent as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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20.

What will a $190,000 house cost 6 years from now if the price appreciation for homes over that period averages 8%
compounded annually?
The future cost of the house will be $.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:What will a $190,000 house cost 6 years from now if the price appreciation for homes over that period averages 8% compounded annually? The future cost of the house will be $. (Do not round until the final answer. Then round to the nearest cent as needed.)
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