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20 June, 01:05

Natalie just rented an apartment for $900 a month. She was told the rent will increase 5.5 %each year. About how much will her rent be in 7 years?

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  1. 20 June, 04:10
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    Each year the rent is multiplied by (1+0.055), so in 7 years, Natalie's rent will be

    ... $900*1.055^7 = $1309.21
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