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?

98760*1.03^5 = 114,490

whatcha think?

To determine if Grace will have enough appreciation to sell the home for a $15,000 profit in five years, we need to calculate the appreciation value over that time period.

To start, we'll calculate the annual appreciation amount. The home appreciates three percent a year, so we multiply the home's value ($98,760) by 3%:

Appreciation per year = $98,760 * 0.03 = $2,962.80

Next, we'll calculate the total appreciation over five years by multiplying the annual appreciation amount by the number of years:

Total appreciation over 5 years = $2,962.80 * 5 = $14,814

Based on the calculations, Grace's home will appreciate by approximately $14,814 over five years. Since this is less than the desired profit of $15,000, she will not have enough appreciation to sell the home for a $15,000 profit in five years.