Please,Please show all work for the answer thank you
2006-11-10 07:06:06 · 5 answers · asked by ace 2 in Business & Finance ➔ Renting & Real Estate
178500/122.75%
=$145,417.52
2006-11-10 07:09:06 · answer #1 · answered by Phoenix, Wise Guru 7 · 0⤊ 1⤋
The first answer is correct. The second and third are not.
The home appreciated 22.75% from the start value.
High school algebra again... didn't anybody take it seriously????
Start value x 1.2275 = End Value = $178,500
divide both sides by 1.2275
Start Value = $178,500/1.2275
Start Value = $145,417.52
And 22.75% appreciation has happened in almost all markets in the United States.... not in one year, but you didn't say it was only owned for one year.
2006-11-10 15:32:49 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
Just use a calculator and type the following:
178,500 - 22.75
Press the % button
Press enter
= $137,891.25
2006-11-10 15:14:47 · answer #3 · answered by Anothersliceplease! 2 · 0⤊ 0⤋
well...I would agree with the previous answer of $137891.25...but I would also like to know where you live....I work for an appraisal firm...and unless you've done major renovations to the house...how did it appreciate so much?...The market here is no where near those statistics......please..let me know where you are......On average a house may go up 3-5% a year until it caps out....meaning there are no more comparibles to prove its worth anymore....I am interested....
2006-11-10 15:26:00 · answer #4 · answered by lisa46151 5 · 0⤊ 0⤋
Phoenix is right. This sounds like a test question. Don't get it wrong by using the $137xxx number. It's an easy mistake to make.
2006-11-10 16:22:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋