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Real estate values in a town are increasing at a rate of 9% per year.


Mr. Townsend purchased a building for $375,000 in 2010.


How much can he expect to sell the building for in 2020, assuming this trend continues?


Enter your answer in the box.


Round to the nearest whole dollar.


$

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Answer:

see below  PLEASE GIVE BRAINLIEST

Step-by-step explanation:

2020 -2010 = 10 YEARS

375,000 X .09 = 33,750                  2011 VALUE  33750 + 375000 = 408,750

408750 X .09 = 36787.50               2012 VALUE  445537.50

445537.50 X .09 = 40,098.38         2013 VALUE  485635.88

485635.88 X .09 = 43707.23           2014 VALUE  529343.11

529343.11 X .09 = 47640.88            2015 VALUE  576983.99

576989.99 X .09 = 51928.56          2016 VALUE  628918.55

628918.55 X .09 = 56602.67          2017 VALUE 685521.22

685521.22 X .09 = 61696.91           2018 VALUE  747218.13

747218.13 X .09 = 67249.63           2019 VALUE 814467.76

814467.76 X .09 = 73,302.10          2020 VALUE $887,769.86

                                                   Rounded to the nearest dollar: $887,770.00

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