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The Parker family bought a house for $270,000. The value of the real estate in that town will increase by 4.2% each year. If
The Parker family bought a house for $270,000. The value of the real estate in that town will increase by 4.2% each year. If values continue at that rate, calculate how long it will take until the house is worth $1,000,000. Round your answer to the nearest whole year when the house is worth at least $1,000,000. The house will be worth $1,000,000 after approximately years. QUESTION 10 You have a $ 5000 investment that earns 5.5% annual interest. Calculate the number years it will take for the investment to quadruple. Round your answer to the nearest whole year when the value will be at least quadruple. It will take about years to quadruple the investment.
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