Question
1a.) Housing prices have been rising by 6% per year. A house now costs $175,000. What would it have cost 10 years ago? (Round your
1a.) Housing prices have been rising by 6% per year. A house now costs $175,000. What would it have cost 10 years ago? (Round your answer to the nearest cent.)
1b.) You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest compounded quarterly. By how much will your deposit have grown after 3 years (in dollars)? (Round your answer to the nearest cent.)
1c.) Find the time, to the nearest 0.1 year.
the time it would take to accumulate $11,000 by depositing $500 at the end of each month in an account earning 4.75% interest compounded monthly
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