The maintenance cost of this house each year is set at 4% of the market value of the house. According to Mr. Tristani, this cost goes up by about 3% each year, as does the value of the house. Calculate the maintenance costs for the first 5 years of the house. The increase in the rate of maintenance has been done for you: Year of home ownership Market value of house Rate of maintenance Maintenance costs 1 $400,000 4.0% $16000 2 $412000 4.12% $16974.4 3 $424360 4.24% $17992.86 4 4.37% 5 4.50%