Your home has a value today of $160,000. You expect prices to increase at 8% per year (compounded annually) for the nex

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answerhappygod
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Your home has a value today of $160,000. You expect prices to increase at 8% per year (compounded annually) for the nex

Post by answerhappygod »

Your home has a value today of $160,000. You expect
prices to increase at 8% per year (compounded annually) for the
next 4 years. After that, you expect prices to increase at 5%
per year (compounded annually) for the next 6 years.
What do you expect your home to be worth 10 years from
now?
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