Question A home was bought in 2011 for $200,000, and its value appreciates by 5% every single year. The value of the home t years since 2011 is given by the formula V(t) = 200,000 (1.05). Find the value of the home in the year 30 years after it was bought. Round your answer to the nearest cent.

A home was bought in 2011 for $200,000, and its value appreciates by 5% every single year. The value of the home t years since 2011 is given by the formula V(t)=200,000(1.05)t. Find the value of the home in the year 30 years after it was bought. Round your answer to the nearest cent