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4tazaouiamine1r
12.01.2020 •
Mathematics
3) lane and zack purchased a house for $245,000 in 2016. the house loses 4% of its value each year,
part a: how much will lane & zack's house be worth in 2030?
how will i do this
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Ответ:
In 2030 Lane & Zack's house be worth $65,739.27.
Step-by-step explanation:
Here, as we know The value of property = $245,000
Rate of depreciation = 4% of its present value
Time = From 2016 to 2030 = 14 years
Now, here: Amount depreciated = -( COMPOUND INTEREST on the value)
Step 1: CALCULATE THE COMPOUND INTEREST on P = $245,000
or, AMOUNT = $424,260.73
Now, AMOUNT = Compound I + Principal
⇒Compound I = A - P = $424,260.73 - $245,000 =$ 179,260
So, the amount of the house by which house depreciates = $ 179,260
⇒The depreciated value = Actual Value - The depreciated amount
= $245,000 - 179,260 = $65,739.27
Hence, in 2030 Lane & Zack's house be worth $65,739.27.
Ответ:
there inst any answer choices?
Step-by-step explanation: