appreciate

Hal bought a house in 1995 for $190,000. If the value of the house appreciates at a rate of 4.5 percent per year, how much was the house worth in 2006 Calculate year difference: Year Difference = End Year - Start Year Year Difference = 2006 - 1995 Year Difference = 11 Using our appreciation...

A private high school charges $52,200 for tuition, but this figure is expected to rise 7% per year. What will tuition be in 3 years? We have the following appreciation equation A(y) where y is the number of years: A(y) = Initial Balance * (1 + appreciation percentage)^ years Appreciation...

If an employee starts saving with $750 and increases his savings by 8% each month, what will be his total savings after 10 months? Set up the savings function S(m), where m is the number of months and I is the interest rate growth: S(m) = Initial Amount * (1 + i)^m Plugging in our number at m...

A certain textbook cost $94. If the price increases each year by 3% of the previous year's price, find the price after 7 years. Using our appreciation calculator, we get: 115.61

The rent for an apartment is $6600 per year and increases at a rate of 4% each year. Find the rent of the apartment after 5 years. Round your answer to the nearest penny. Our Rent R(y) where y is the number of years since now is: R(y) = 6600 * (1.04)^y <-- Since 4% is 0.04 The problem asks...

Condos in Centerville go up in value by 3% each year. If the Ayala family's condo is now worth $697,580, what will it be worth in 2 years? Let the condo value in (y) years be C(y). 3% as a decimal is 0.03, so we have: C(y) = 697,850 * (1.03)^y The problem asks for C(2): C(2) = 697,850 *...

A private high school charges $36,400 for tuition, but this figure is expected to rise 10% per year. What will tuition be in 10 years? Let the tuition be T(y) where y is the number of years from now. We've got: T(y) = 36400 * (1.1)^y The problem asks for T(10) T(10) = 36400 * (1.1)^10 T(10) =...