question archive The Carpenter family purchased a house 20 years ago for $150,000

The Carpenter family purchased a house 20 years ago for $150,000

Subject:Mechanical EngineeringPrice: Bought3

The Carpenter family purchased a house 20 years ago for $150,000. Prices in the housing market in their area have increased by an average 4% annually. If they would like to sell their house this year, what is the house's market value assuming its value has increased at the same rate as the housing market in their area? Click here to access the TVM Factor Table calculator.

 

 

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