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How much will the home be worth in ten years

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Reference no: EM132758036

Problem 1: You purchase a home for $168,000 that you expect to appreciate 6% in value on an annual basis. How much will the home be worth in ten years?

Factors to use for n = 10, I = 6% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS)

Present Value of $1 0.55839

Present Value of an Annuity of $1 7.36009

Future Value of $1 1.79085

Future Value of an Annuity of $1 13.18079

Reference no: EM132758036

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