justmeyk justmeyk
  • 23-01-2024
  • Business
contestada

the purchase price of your home goes up on average 40% every 10 years. what is a homes value after 10 years if it was originally purchased for 299,000

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kanmanthreddya11 kanmanthreddya11
  • 23-01-2024
$299,000 * 1.4 = $418,600

1.4 is the growth rate because you are increase the value by 40% or .4 on top of the value of itself which is 1.
1+.4 = 1.4
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