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Houses are typically a good investment and grow about 5% a year.If you buy a $200,000 house ,how long until it is $500,000?

Respuesta :

It would take 30 years. 
5% of 200,000=10,000 (200,000 x 0.05)
500,000-200,000=300,000
10,000 x 30=300,000

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