If a house is purchased at $240,000, what is the predicted value of the house in 12 years if it appreciates at a rate of 4% per year? Round to the nearest cent, if necessary. (Hint: The formula for appreciation is P(1+r)^t where p is the principal or initial amount, r is the yearly rate of appreciation expressed as a decimal, and is

the time in years.)

A. $3,777,644.65

B. $147,050.34

c$1,360,653.90

D. $384,247.73

Guest Apr 10, 2020