Thursday

April 2, 2015

April 2, 2015

Posted by **James** on Sunday, July 15, 2012 at 10:29pm.

- Calculus -
**Reiny**, Sunday, July 15, 2012 at 10:48pmwhat is

500000(1.03)^5 ?

- Calculus -
**bobpursley**, Sunday, July 15, 2012 at 10:49pmAre they paying in cash?

The cost in dollars in five years will be 500,000(1.03)^5

But the real cost is dependent on the inflation rate (ie,how much less is a dollar worth in 5years, how much income will increase), and then, what will be the interest rates available in 5 years..Few folks pay cash for houses.

- Calculus -
**Catie**, Sunday, July 15, 2012 at 11:13pmPaying in cash. Thank you!

- Calculus -
**Catie**, Sunday, July 15, 2012 at 11:16pmDoing homework with James, thanks!

**Answer this Question**

**Related Questions**

finance - can anyone help me set up this problem bc im totally lost.... if a ...

geometry - you are planning on purchasing a new car and have your eye on a ...

home economics - A company is planning to invest $75,000 (before taxes) in a ...

accounting - You have just purchased a house and have obtained a 30-year, $200,...

Finances - Kim and Dan Bergholt are both government workers considering ...

College Math - In a suburb, housing costs have been increasing at 5.2% per year ...

Math - Because of a recession, the value of a new house depreciated 10% each ...

accounting - House mortgage You have just purchased a house and have obtained a...

math - Use any problem solving strategy to solve the following problem.The value...

Math - A house cost $85,000. The price of the house will raise 5% each year. If...