Help Save & Exit Check my Problem 1-1 Calculating the Future Value of Property (L01-2] Josh Collins plans to buy a house for $210,000. If that real estate is expected to increase in value by 3 percent each year what will its approximate value be six years from now? Use Exhibit 1-A (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Approximate value ME Gew Check Using the rule of 72, approximate the following amounts: (a) If the value of land in an area is increasing 6 percent a year, how long will it take for property values to double? Time period years ences (b) If you earn 10 percent on your investments, how long will it take for your money to double? (Round your answer to 1 decimal place.) Time period years (c) At an annual interest rate of 5 percent, how long will it take for your savings to double (Round your answer to decimal place.) Time period ME