Saturday
April 18, 2015

Homework Help: Calculus

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

The Estradas are planning to buy a house 5 years from now. Housing experts in their area have estimated that the cost of a home will increase at a rate of 3%/year during that 5-year period. If this economic prediction holds true, how much can the Estradas expect to pay for a house that currently costs $500,000? (Round your answer the the nearest dollar.)

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