A movie star purchased an apartment in the exclusive Dakota building in NY for $60,000 in 2016. How much will the apartment be worth in 2016 (46 year later) if the price appreciate by 7.7% per year?

Question 2 A movie star purchased an apartment in the exclusive Dakota in 2016 (46 years later) if the price appreciated by 7.7% per year? Calculate your answer to the nearest dollar. building in NY for $60,000 in 1970. How much will the apartment be worth Note: Please enter your answer rounded to the nearest dollar. For example, if your calculated value is 1,092,250.8573, enter 1,092,251