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Pablo bought a house in 2000 for 200,000. The house lost 1.9% of its value each year. What will be the first year that the
Pablo bought a house in 2000 for 200,000.
The house lost 1.9% of its value each year.
What will
be the first year that the house is worth less than 150,000?
How should I solve it ?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
