What will a $190,000 house cost 8 years from now if the price appreciation for homes over that period averages 7 percent compounded annually? the future house of the cost will be $ (urgent! )

The future cost of the house will be $326,455.3742

From the given information:

For an interest rate that is compounded annually, the formula for calculating the amount of the future cost of the house can be represented as:

where;

∴

A = $326,455.3742

Therefore, we can conclude that the future cost of the house will be $326,455.3742

Learn more about interest rates here:

link

to rewrite a literal equation you may need to divide by a number, or by a variable.

hope i .