finance

If the average new home costs $ 275,000 today, how much will it cost in 10 years if the price increases by 5 percent each year?

  1. 👍 0
  2. 👎 0
  3. 👁 82
  1. 275000 * 1.05^10 = 447946

    1. 👍 0
    2. 👎 0
    posted by Steve

Respond to this Question

First Name

Your Response

Similar Questions

  1. Economics

    The accompanying table shows a car manufacturer’s total cost of producing cars: Qty |TC| Variable Costs| Avg. Var. Costs| Avg. Total Costs| Avg. Fixed Costs 0 |$500,000| ---- | ---- | ---- |---- | 1 |540,000 | 2 |560,000 | 3

    asked by shay on May 25, 2011
  2. math

    Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $3,000 for setup costs and $4.00 to administer each test. a. Write an expression that gives the

    asked by lindsey on May 1, 2011
  3. finance (math)

    If the average new house costs $210,000 today, how much will it cost in 10 years if the price increases by 5% each year?

    asked by zeenat on July 22, 2013
  4. Statistics

    If the average home cost $100,000, with a standard deviation of $15,000, what would a home on the 20th percentile rank cost?

    asked by Jan on April 3, 2015
  5. Algebra

    Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives the

    asked by Micah on January 21, 2008
  6. Math 117

    2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives

    asked by linda on September 12, 2010
  7. Algebra

    2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $2,500 for setup costs and $3.00 to administer each test. a. Write an expression that gives

    asked by Devon on July 13, 2010
  8. ALGEBRA 117

    2. Biologists want to set up a station to test alligators in the lake for West Nile Virus. Suppose that the costs for such a station are $1,400 for setup costs and $4.00 to administer each test. a. Write an expression that gives

    asked by LOST on August 13, 2011
  9. Excel

    Please prepare the homework problems in the form of a Word and/or Excel file. Try to use one file to submit your answers, if possible, and include the questions with your answers. You must show your calculations. 1. Your nursing

    asked by Varney on July 25, 2010
  10. ECONOMICS

    suppose that the short run costs for a paintbrush manufacturer are given by the expression: TC= 100+2Q+.01 Q2 A. WAT ARE THE FIXED COSTS OF THIS MANUFACTURE? B. WHAT ARE THE TOTAL COSTS , AVERAGE COST, AVERAGE VARIABLE COST AND

    asked by AMAR JYOTI on September 15, 2011

More Similar Questions