What will a $90,000 condominiumcost 5 years from now if the price appreciation for condos overthat period averages 3% compounded annually?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...
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What will a $90,000 condominium
cost 5 years from now if the price appreciation for condos over
that period averages 3% compounded annually?

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