A house value appreciates 7% each year. The house current value is $550,000. It was purchased 3 years ago.
What was the house purchase price?
$557,324 $448,964 $450,000 $511,500
The house value appreciates 5% each year. A house was purchased 4 years ago for $350,000.
What is the house price now?
$425,427 $367,000 $402,500 $525,817