Homework Help: MATH

Posted by DEE on Saturday, February 25, 2012 at 5:38pm.

Find the cost of a home in 20 years, assuming an annual inflation rate of 4%, if the present value of the house is $285,000. (Round your answer to the nearest cent.)

MATH - DEE, Saturday, February 25, 2012 at 5:44pm
If $605 is invested in an account that earns 20.25%, compounded annually, what will the account balance be after 25 years? (Round your answer to the nearest cent.)
MATH - Damon, Saturday, February 25, 2012 at 8:30pm
1.04^20 = 2.19
2.19*285,000 = 624,470
MATH - Damon, Saturday, February 25, 2012 at 8:31pm
Now do
1.2025^25 *605

= 60,797

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