You purchase a home for $207,000 that you expect to appreciate 8% in value on an annual basis. How much will the home be worth in ten years? Factors to use for n=10, I =8% (DO NOT USE ANY OTHER...

You purchase a home for $207,000 that you expect to appreciate 8% in value on an annual basis. How much will the home be worth in ten years?

Factors to use for n=10, I =8% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS)

Future Value of $1                                 2.15892

Future Value of an Annuity of $1            14.48656
Present Value of $1                               0.46319
Present Value of an Annuity of $1           6.71008