What will a $140,000 house cost 7 years from now if the price appreciation for homes over that period averages ​7% compounded​ annually?

The future cost of the house will be $___
(Round to the nearest cent as needed.)

Answers

Answer 1

The house will cost approximately $246,359.85 seven years from now.

What is compound interest?

It is the interest we earned on the interest.

The formula for the amount earned with compound interest after n years is given as:

A = P [tex](1 + r/n)^{nt}[/tex]

P = principal

R = rate

t = time in years

n = number of times compounded in a year.

We have,

In this problem,

P = $140,000

r = 0.07

n = 1 (compounded annually)

t = 7.

Plugging in these values.

A = $140,000 (1 + 0.07/1)^(1 x 7)

A = $140,000 (1.07)^7

A = $246,359.85

Therefore,

The house will cost approximately $246,359.85 seven years from now.

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Related Questions

Cal went to his friend’s house at 11:00 a.m. He stayed there for 3 1/2 hours. What time did he go back home? SHOW WORK

Answers

Answer:

2:30 PM

Step-by-step explanation:

3 1/2 hours after 11 am is 2:30 pm.

Answer:

coplete the table by filling in the estimated and actual elapsed time.

help will give thanks to the first to answer

Answers

Answer:

69

Step-by-step explanation:

Just plug in

10(9)-7(3) = 90-21 = 69

Help me solve this I’ve been stuck on this question.
Thank you

Answers

Answer:

The answer is 94.25 sq.in

Step-by-step explanation:

Given rectangle- 7 1/4 in by 13

to fin area for one of the triangles

For triangle, base = 13 in, height = 7 1/4 in, = 29/4 in

Area- 1/3 x base x height = 1/2 x 13 x 29/4 in. 2

= 37/4 in. 2

= 94.25 sq. in

Which of the following equations represent a proportional relationship?
Choose all that apply.

Answers

Answer:

I tried to draw it out for you

If you're failing your classes but get a passing percentage on state testing will you be able to graduate Highschool? HhhHh, not me stressing- (┬┬﹏┬┬)

Answers

if your teacher allows the state test to be a percentage of your grade

What is the area of the figure 5 cm2cm 20cm 10cm

Answers

Answer:

2,000

Step-by-step explanation:

Hope this helps you. I'd the answer is incorrect please let me know.

What is 1 1/2 subtracted from the sun of 4 2/3 and 5 2/5?

Answers

Answer:

8 17/30

Step-by-step explanation:

First, we will get the sum

4 2/3+ 5 2/5 =

10 1/15

Now we do the subtraction step

10 1/15 - 1 1/2=

8 17/30

Should be your answer^

Suppose a one year subscription to a magazine cost $12.99 and a three-year subscription cost $25.98 the cost and length of the subscription are related write an equation to a model the cost of a subscription for any period of time

Answers

Answer:

y = $38.97

y = 6.495(5) + 6.495

Step-by-step explanation:

So for this problem, since it states the cost and length of the subscription are related, you can use the two subscription costs as data (or coordinate) points.

1 year = 12.99, 3 year = 25.98; so (1,12.99), (3, 25.98) use these points to calculate the average rate of change (or the slope (m)).

(y - y1)/(x - x1) = m so, (25.98-12.99)/(3 - 1) = 6.495, this is the slope, m

y = 6.495(x) + b now just pick one of the points and put in the x and y values to solve for b

12.99 = 6.495(1) + b solve for b and you discover it also = 6.495 = b

so y = 6.495(x) + 6.495 is the equation of the line, to answer their question, just pop in x=5 for the 5 years subscription cost

y = 6.495(5) + 6.495

y = $38.97

If the attendance at a baseball game is to be predicted by the equation Attendance = 16,500 − 75 Temperature, what would be the predicted attendance if Temperature is 90 degrees?

Answers

Attendance = 16,500-75(90)
=16,500-6,750
= 9750

The predicted attendance if Temperature is 90 degrees will be 9750.

How to calculate the equation?

From the information given, the attendance at a baseball game is to be predicted by the equation Attendance = 16,500 − 75 Temperature.

The predicted attendance will be:

= 16500 - 75(90)

= 16500 - 6750

= 9750

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Ryan works at the hotel 5 days a week. He spends $2.50 each
day on a roundtrip bus ticket to get to work. How much
money does Ryan earn each week after paying this expense?

Answers

Answer:

His weekly expense is $12.50.  You did not mention how much he earned but you would subtract the 12.50 to find out how much he earned after his expense.

Step-by-step explanation:

What are the fractions 7 1/2 multiplied by 1/16

Answers

The fractions 7 1/2 and 1/16, when multiplied, equal 15/32.

Hope this helps!

Evaluate the expression 43 ÷ (7 − 3) × 2.

Answers

Answer: 21.5

Step-by-step explanation:

The order of operations are:

1) Parenthesis and Brackets

2) Exponents

3) Multiplication and Division (from left to right)

4) Addition and Subtraction (from left to right)

Parenthesis are first so let's solve them first

43 ÷ (7 − 3) × 2

43 ÷ (4) × 2

Now we only have division and multiplication

So we must do this from left to right, starting by 43 ÷ 4

43 ÷ 4 × 2

10.75× 2

Finally, multiply

10.75× 2

21.5

Answer:

[tex]43 \div (7 - 3) \times 2[/tex]

using BODMAS ~

[tex]43 \div (4) \times 2 \\ \\ \dashrightarrow \: \frac{43}{\cancel{4}} \times \cancel{2} \\ \\ \dashrightarrow \: \frac{43}{2} \\ \\ \dashrightarrow \: 21.5[/tex]

hope helpful ~

What is the area of this rectangle? and brainleist

16 m
36 m
32 sq m
39 sq m

Answers

Answer:

39 sq m

Step-by-step explanation:

Since it asking for area:

Formula for area: A = Lw {Length x Width}

Thus,

A =wl = 3·13=39

We can also do

13 + 13 + 13 = 39

Hence, Answer is 39 sq m

~lenvy~

What is the first step in solving a quadratic equation of the form given below?

(ax + b)^2 = c

A. Divide both sides by c

B. Take the square root of both sides

C. Use the zero product rule

D. Factor out a common factor

Answers

B. Take the square root of both sides

Explanation: the expression at the LHS is a single term because all it’s individual elements are to a single power hence taking square root of both sides remove the power and making the elements independent on the other

what is the ratio of females who prefer strawberry ice cream? ( DO NOT SIMPLIFY)

Of those who prefer strawberry ice cream, what ratio are female? (DO NOT SIMPLIFY)​

Answers

Answer:

The answer is 15/37.

Step-by-step explanation:

There are 15 girls who like starwberry icecream, and the total of girls is 37.

So, the ratio of girls who prefer strawberry icream to the whole group of girls, 15 out of 37 (15/37 or 15:37) like strawberry icecream.

geometry please help! look at attachment

Answers

Answer:

this polygon is a geometrical figure. Hope this helps you

Step-by-step explanation:

these are many reflective rays that satisfy this condition. The reflection Ray's for ended by the line between a better and it's opposite medpoint satisfy the reflection itself.

One of the reflected rays that meet this condition is shown in the figure above the line between vettex a and the metalpoint of the opposite Edge.

I have attached a picture of the question.​

Answers

Its same i think

100-40=60
130-70=60

How do you find the area of triangle with a 99-degree angle and 11 Aas the adjacent sides?

Answers

Answer:

Area = 59.8 sq units

Step-by-step explanation:

There is a very convenient area formula for the area of a triangle given two sides and the included angle.

A = 1/2•a•b•sin C°

A = 1/2(11)(11)sin 99°

A = 59.8 sq units

Use the distributive property and combine like terms to simplify: 8−(r−7)

Answers

Answer:

15 - r

Step-by-step explanation:

[tex]8 - (r - 7) \\ 8 - r + 7 \\ 15 - r[/tex]

solve
(80 + 240 x 3) ÷ 20

Answers

Answer:

Step-by-step explanation:

I take that x to be multiplication.

Combine 240 *3

(80 + 720) ÷ 20    

Combine inside the brackets

80 + 720 = 800

What's left is 800÷ 20

Answer 800 ÷ 20 = 40

 

How many arc degrees are in the
minor arc?

Answers

Answer:

C

Step-by-step explanation:

[tex]65=\frac{(360-x)-(x)}{2}[/tex]

130=360-2x

2x=230

x=115

00000 Which rectangle has the greatest area? Rectangle a that is 3.25 inches wide and 6.1 inches long or rectangle b that is 4.06 inches wide and 5.009 inches long.
PLEASE HELP ITS DUE TODAY I LOVE YOU GUYS​

Answers

Answer:

Rectangle B

Step-by-step explanation:

Rectangle A:

L × B

3.25 × 6.1

19.825 inches

Rectangle B:

L × B

4.06 × 5.009

20.33654

NO LINKS!! Part 2: Please help me with this problem​

Answers

Answer:

  a) 160 meters short

  b) d = 200x +80y

  c) (run, walk) = (2, 15), (4, 10), (6, 5)

  d) see attached

Step-by-step explanation:

You're being asked to write an equation describing the gym class requirement, and to find several values of the variables that satisfy the equation.

It is convenient to write the equation first (part b).

__

b)

At 200 meters per minute, in x minutes, Eric will run 200x meters. At 80 meters per minute, Eric will walk 80y meters in y minutes. His total distance covered will be ...

  d = 200x +80y

__

a)

In the given times, Eric's distance covered is ...

  d = 200(4) +80(8) = 800 +640 = 1440 . . . meters

Eric is 160 meters short of the 1600-meter goal.

__

c)

It is convenient to simplify the equation to one that lets us find one value in terms of the other.

  200x +80y = 1600

  5x +2y = 40 . . . . . . . . divide by 40

This will have integer solutions for even values of x in the range 0 to 8.

  y = (40 -5x)/2

For x={2, 4, 6}, we have ...

  y = (40 -5{2, 4, 6})/2 = {30, 20, 10}/2 = {15, 10, 5}

Eric can cover 1600 meters in (run, walk) times of ...

  (run, walk) = (2, 15), (4, 10), (6, 5)

__

d)

The graph is attached. We'll let you read as many values from it as you may wish.

In a lottery game, each ticket cost $12. You have a 10/1000 probability of winning $300, and 50/1000 probability of winning $100. What is your expected value if you buy 1 ticket?

Answers

Answer:

80% chance of winning$100

Step-by-step explanation:

50/1000 , 10/1000

=> 0.05, 0.01

0.05 - 0.01

0.04 ÷ 0.05

0.8 × 100

=> 80%

paula bought an electric drill at 75% of the regular price.She paid 32.90 for the drill. What was the regular price?(round to the nearest cent)

Answers

Answer:

$43.87.

Step-by-step explanation:

let the regular price be x, then

0.75x = 32.9

x = 32.9 / 0.75 = $43.87

Answer:

43.87

Step-by-step explanation:

Let the regular price be T

T x 75% = 32.903T/4 = 32.903T = 4 x 32.903T = 131.60T = 43.87

A circle has a radius of 16 ft.
radians?
What is the area of the sector formed by a central angle measuring 5pi/4 radians?
Use 3.14 for pi.
Enter your answer as a decimal in the box.

NEED HELP QUICK!!!

Answers

Answer:

502.4 ft^2.

Step-by-step explanation:

Area of a sector = 1/2 r^2 α   where α = central angle in radians

= 1/2 * 5pi/4 * 16^2

= 502.4 ft^2.

Pls help on this edulastic, brainly community. Answer the questions in the pic.

Answers

Answer is    C                    

I hope this halped you

Answer:

  C.  f(x) > g(x) for x > 2

Step-by-step explanation:

Using a graph is probably the easiest way to compare an exponential function with a polynomial function. There are no algebraic methods for finding points of intersection. ("Trial and error," or "table of values" will work.)

A graph of these two functions shows f(x) > g(x) except on the interval [1, 2]. That is, f(x) > g(x) for x > 2.

What was Linda's slowest time in the 50-meter freestyle?
seconds
Submit


Answers

Linda kept track of her times in the 50-meter freestyle at her team's swim meets. Swim times (sec.) H 40 44 48 52 56 60 What was Linda's slowest time in the 50-meter freestyle? 60 seconds 52 seconds 56 seconds 58 seconds

Linear Function K passes through points (-3,7) and (3,3). What is the rate of change of function K?

A) -3/2
B) -2/3
C) 3/2
D) 2/3

Answers

- 2/3 is the correct answer

Step-by-step explanation:

The rate of change of function K is -2/3. Therefore, option B is the correct answer.

What is rate of change a function?

The rate of change, or the slope, is calculated as Δy/Δx , or (y2−y1)/(x2−x1). The slope-intercept equation of a line is y=mx+b , where m is the slope and b is the initial value.

Given that, linear function K passes through points (-3,7) and (3,3).

Now, the rate of change

= (3-7)/(3+3)

= -4/6

= -2/3

Therefore, option B is the correct answer.

Learn more about the rate of change here:

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What is the least common multiple of 40 and 52?

Answers

Answer:

520

Please refer the attachment.

Stay safe, stay healthy and blessed.

Have a good day !

Thank you

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