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

We have to calculate the value of the house after 10 years. We know that it was bought for $125,000 and that the value of the house appreciates 3.5 % each year. The formula is: FV = PV * ( 1 + i )^n, where FV stays for the future value, PV = $125,000, i = 3.5% = 0.035 and n = 10 ( years ). FV = 125,000 * 1.035^10 = 125,000 * 1.41 = $176,324.85. The value of the house will be $176,324.85.