math
posted by please help me!! .
If Grace's $98,760 home appreciates three percent a year, will she have enough appreciation to try to sell the home for a $15,000 profit in five years?

math 
Steve
98760*1.03^5 = 114,490
whatcha think?
Respond to this Question
Similar Questions

calculus
writing an exponential equation The function gives the value of a home in dollars in the year 1980 + t. Write an equation that can be used to determine the year in which the value of the home reached $100,000? 
math
I am answering questions concerning equity, the problem is a story problem, and it concerns a couple who bought a 129000 home, and then borrowed 107,000 at 7.25% for 30 years. A) How much equity does the couple have in their home before … 
Economics
I got a lot of problems with this exercise. I really hope you can help me. Thanks! Samantha Roberts has a job as a pharmacist earning $30.000 per year, and she is deciding whether to take another job as the manager of another pharmacy … 
Finance
14.You need to have $15,000 in five years to pay off a home equity loan. You can invest in an account that pays 5.75 percent compounded quarterly. How much will you have to invest today to attain your target in five years? 
Corporate Finance
You can insulate your home for $7,200. You figure you can save 15% per year on your heating bill if you insulate. Your home was bought 15 years ago for $38,500. You figure real estate prices have gone up 16% each year. You plan to … 
Finance math
9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5. 
Math
The Romascos hope to have $2,000 in 3 years for a down payment on a new pool. They invest $1,000 in an account that pays 8% interest at the end of each year. Will they have enough money at the end of 3 years to meet their goal of a … 
economics
Samantha Roberts has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates a revenue of $200,000 … 
economics
Samantha Roberts has a job as a pharmacist earning $30,000 per year, and she is deciding whether to take another job as the manager of another pharmacy for $40,000 per year or to purchase a pharmacy that generates a revenue of $200,000 … 
Finance
If a home buyer purchases a home in 2006 for $225,000 with a 10% down payment using a 30 year fixed mortgage rate at 6.5% and 3.5% closing costs added to the original mortgage, compute the following: a) the original amount of the mortgage …