What will a $160,000 house cost 8 years from now if the price appreciation for homes over that period averages ​7% compounded​ annually?

You can download answer here

cutt.ly/tz3yDpb

Step-by-step explanation:

We will use the A=P*(1+r/n)^nt formula

P = 160,000

R = the rate 7%

N= the times compounded. Since it is annually it is 1

T = 8 years

Filling in the information...

A = 160,000 x (1 + .07)^1*8

   = 160,000 x 1.07^8

   = 160,000 x 1.71818617983

   = 274909.788773

Round up as needed.

Please rate!

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

hope it