Can you please help solve question 6 I have added a similar question so it is easier to understand the logic behind it, please show full working so I can compare it to my own work Thank you 6.House prices in the UK currently average £325,000.Assume an annual growth in house prices of 3.5%, how long will ittake for prices to average £500,000? Candidale Number: Olo1419aLAt monial imn tument memines to pay NanmbusComdidek Numben Ulo141911 A GoOD WHICH IMPIOUES WITH J TORAG€Yums of money (m £)im the futme The smuns arl as5) Eronne that the second orolen conda tom ra mencionumholdGt coulal be une neven CHCESE) has aaue uschivm10,000im 3wheire tio timelimdean Thelasnl15,000 in Syeas20,000in7yeasrame escmemon In Pe Ne e Al ter mbnhituitiorethe good mou hes a haesnt walue ofAraume that the marailieg cok of imkret is 27- khwougłwatthe 7 yean lem, find the pesent waluce of this in humentAt oftimuumimaa fimd the alueo thismoximises the pauns nalueAs Decond elliaahve n hegahveit wonkunsN=4Value fomnula: V- Pert|tomula. P. Ne Aa moscimumc) timd the optimal sloraçe time for interestnckn an folleusR=0.01R=0.05T0.000 m9417.65R=Q.075iS.o00im Syean to13 Sa2.5620.000 im 7yeas -D P 20.000eus.21)=314 124you weu Confiolmt that imtrust nates uould nemon'n at Z7.t27 yeas esclain why you michht fay 38.000€ for thisimpument?RobloldP1924)28 096qu14.65+1357?.56+ 17387.16 =403773716IS.294tit wst 38obo luould buly it os i nouled stillhoht 2377.7713 Pedro Study SKIISn-Please reply.

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Answered: House prices in the UK currently…

House prices in the UK currently average £325,000. Assume an annual growth in house prices of 3.5%, how long will it take for prices to average £500,000?

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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