Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Your home has a value today of $160,000. You expect prices to increase at 8% per year (compounded annually) for the next 4 years. After that, you expect prices to increase at 5% per
year (compounded annually) for the next 6 years.
What do you expect your home to be worth 10 years from now? Enter your answer as a positive number.
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Transcribed Image Text:Your home has a value today of $160,000. You expect prices to increase at 8% per year (compounded annually) for the next 4 years. After that, you expect prices to increase at 5% per year (compounded annually) for the next 6 years. What do you expect your home to be worth 10 years from now? Enter your answer as a positive number.
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