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25 December, 21:00

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?

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  1. 25 December, 21:18
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    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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