Asked by Homework Help
In a suburb of Houston, housing costs have been increasing at 5.2% per a year compounded annually for the past 8 years. A house with a current value of $26,000 would have been worth how much 8 years ago?
Answers
Answered by
Ms. Sue
Are you sure that's $26,000?
I bought a small inexpensive house in 1976 for $30,000. I sold it 14 years ago for $90,000.
I bought a small inexpensive house in 1976 for $30,000. I sold it 14 years ago for $90,000.
Answered by
Homework Help
I'm Sure.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.