Friday

July 25, 2014

July 25, 2014

Posted by **Abby** on Friday, February 17, 2012 at 12:21am.

- Math -
**yoyoma**, Friday, February 17, 2012 at 12:24amNow, calculate this for each of the years. First, convert the percent to a decimal:

5.3%=.053

3.4%=.034

So, multiply 160,000 by .053 and then add that result to 160,000. Do this four times.

Now, take this end value, and multiply it by .034 and subtract this result from the end value. Do this 3 times. You will have the value for today!

Hope this helps!

- Math -
**Reiny**, Friday, February 17, 2012 at 7:43amvalue after 4 years of appreciation = 160000(1.053)^4

value of that amount after 3 more years of depreciation = 160000(1.053)^4 (.966)^3

= 177322.91

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