3) lane and zack purchased a house for $245,000 in 2016. the house loses 4% of its value each year,
part a: how much will lane & zack's house be worth in 2030?
i need on how to go by on this problem

$138,345

Step-by-step explanation:

This is a compound decline problem, which will be solve by the compound formula:

Where

F is the future value (value of house at 2030, 14 years from  2016)

P is the present value ($245,000)

r is the rate of decline, in decimal (r = 4% = 4/100 = 0.04)

t is the time in years (2016 to 2030 is 14 years, so t = 14)

We substitute the known values and find F:

Rounding it up, it will be worth around $138,345 at 2030

goog may have it for you

i think the answer is true

step-by-step explanation: