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jamiehollie | 13:47 Fri 05th Dec 2008 | Quizzes & Puzzles
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if my house price rose by 15% per year and the property is worth �950.00 using this percentage how much will the house be worth in 5years
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�1,910.79
�1,910,789,10
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That's one cheap house though!!
its 950 * (1 + 0.15) raised to the power of 5 - a typical compound interest calculation.
in todays market
it will probably be worth the same as a small Island



say errm. Iceland


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