1.   Real Estate Julie bought a house for $100,000 five years ago. If the value of the house has appreciated 5% per year, how much is it worth now?
    A. $127,628.16 B. $125,000.00
    C. $77,378.09 D. $119,643.57
    Hint

  2.   Business An analyst estimates that the computers his company just bought will depreciate at a rate of 25% per year. At this rate, approximately how long will it take a computer to depreciate to 30% of its original value?
    A. 5 years B. 10 years
    C. 4 years D. 3 years
    Hint

  3.   A Mickey Mantle rookie card appreciates in value 2% every year. How much was it worth in 1990 if it is worth $35,000 in 2000?
    A. $5653 B. $216,711
    C. $42,665 D. $28, 712
    Hint

  4.   A Mickey Mantle rookie card appreciates in value 2% every year. If it is worth $35,000 in 2000, when will it be worth $100,000?
    A. 2053 B. 2065
    C. 2093 D. 2043
    Hint

  5.   Suppose a new car loses value at 10% per year for the first 5 years. When should the owner sell it if they want to receive 75% of what they paid for it?
    A. after 2.73 years B. after 2.5 years
    C. after 3 years D. after 2 years
    Hint



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