Exercices

[Carrotchan]

So i need help with this exercices, i need the awnser to theses. Could anyone help me please?
( sorry i am French my english is bad)

 

[Deleted member 4993]

What equation/s have you been taught to calculate "future value" with compound interest?

 

[Carrotchan]

What equation/s have you been taught to calculate "future value" with compound interest?

Growth formula: a (1+r) T
Decay formula: a( 1-r) T

 

[tkhunny]

So. why are you using neither of those to calculate the growth of the home value?

What is "1-v"?

a = beginning value = 250,000
r = annual interest rate = 0.35 = 35%
T = number of years = 1992-1983 = 9

 

[Carrotchan]

I'm more confused on finding the price, i know how to do the formula but after when it is asked to find the price i don't get it

 

[Denis]

a = 50000, r = .35, t = 9

50000 * (1+.35)^9 = 744,687.25 = price
You don't understand "that"?