Asked by Jackie

An insurances fund invests $70,600 in real estate and earns 14% per year on the investment. How much money is earned per year? .tricky
Answered by Ms. Sue
Not so tricky.

70,600 * 0.14 = ?

Answered by Damon
Actually it could be tricky if studying compound interest.

.14 times whatever the house is worth now

value = 70,600 (1.14)^n

amount earned in year n = 70,600[ (1.14)^n - (1.14)^(n-1)]
Answered by jackie
so is it 9884?
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