Question:
The Parker family bought a house for $140,000. The value of
Last updated: 7/9/2022
The Parker family bought a house for $140,000. The value of the real estate in that town will increase by 3.1% each year. If values continue at that rate, calculate how long it will take until the house is worth $300,000. Round your answer to the nearest whole year when the house is worth at least $300, 000. The house will be worth $300,000 after approximately years.