The value of your property is rising by 100,000 per year. If it is worth 1.5 million today what will it be in 10 years? Finding the equation of the problem using exponential form.

Answer 1

No exponent needed: the value will be today's value + 10*100,000.
Now if the rise in value is tied to the present value, then you need a exponent
increase= 100,000/1,500,000= 0.0666

future value=1.5M(1+.06666)^10=2.85M

Answer 2

Thank you