Question: Use the formulas below to predict the resale value in 15 years of a home with a present value of $100,000 and an annual growth

Use the formulas below to predict the resale value in 15 years of a home with a present value of $100,000 and an annual growth rate of 3.4%. Future growth = (1 + annual rate)years Future value = (Future growth)(Current value)

a

$165,120

b

$510,000

c

$1,551,000

d

$103,400

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