Growth/Decay Project

The house I’m buying is located at 196 Stonewall Beach, Ln in Mooresville, Nc. It was 4 beds, 4 baths, and 4,205 sqft.

• Initial amount- 899,000

• Growth Percentage- 2.9%

• Growth factor as decimal-  1+0.29= 1.029

• I would keep the car for 10 years.

• Y= 899,000*(1.029)^10

• In 10 years my house will be worth 1,196,502

  • Citations
  • http://www.zillow.com/homes/for_sale/Mooresville-NC/60302059_zpid/46604_rid/35.737316,-80.496826,35.429064,-81.140213_rect/10_zm/20_p/1_fr/

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