A certain house costs $285,000. It is estimated that the price of the house will rise 5% each year. If the prices actually rise at that rate, what will the price, P, of the house equal in y years?
a. Fill in a table for the price of the house in each year after the start (year 0):
1 answer
previous year's value*1.05. The first three are (1) 299,250 (2) 314,212.5 (3) 329,923.125
2 answers